LONDON, June 11 UK discount retailer B&M
is seeking to price its London listing at 270 pence
a share, after telling investors that orders below that price
were likely to miss out, two sources familiar with the matter
said on Wednesday.
A price of 270 pence would value the company at 2.7 billion
pounds ($4.5 billion). Sources told Reuters on Tuesday that B&M,
which is owned by U.S. private equity firm Clayton Dubilier &
Rice, had narrowed its price range to 260-280 pence a share,
from an original range of 230-290 pence.
Books closed at midday on Wednesday and the price will be
finalised in the evening.
($1 = 0.5956 British Pounds)
(Reporting by Freya Berry; editing by Clare Hutchison)