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Article: Russia's Acron to announce SPO price range next week.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- July 17, 2008
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Russia's Acron to announce SPO price range next week
MOSCOW. July 17 (Interfax) - Russian fertilizer maker Acron (RTS: AKRN) intends to announce the price range of its secondary public offering (SPO) early next week, a source in financial circles told Interfax.
"They said they would announce the price range next week on Monday or Tuesday," said the source, who is taking part in one of the company's road show meetings.
The company has not hinted at a possible price range but said that there will not be a high level of guidance, the source said. The volatility on external markets as well as a drop in the stock prices of mineral fertilizer ...