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Article: Magnit could price SPO at $12.5 per GDR - sources.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- October 28, 2009
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Magnit could price SPO at $12.5 per GDR - sources
MOSCOW. Oct 28 (Interfax) - Retailer Magnit (RTS: MGNT) could price its SPO at $12.5 per Global Depositary Receipt (GDR), sources in financial circles told Interfax.
"This is an indicator - official pricing takes place on Thursday," one source said.
The price range for the SPO will be $12-$13.5 per Global Depositary Receipt (GDR), a source with knowledge of the placement details told Interfax earlier this week.
A source in financial circles told Interfax last week that Magnit planned to raise "$520-$530 million" with the SPO. He said 70% of the offering would be new shares and 30% ...