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Provider: MacroRisk Analytics/EconomicInvestor
Provider: Wright Reports
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Carphone Warehouse Group PLC Places Best Buy Co., Inc 7.5% Holding At 244 Pence Per Share-DJ

Wednesday, 3 Jul 2013 02:09am EDT 

Dow Jones reported that Carphone Warehouse Group PLC said that 42.1 million ordinary shares owned by Best Buy Co., Inc representing 7.5% of the Company's existing issued ordinary share capital, have been placed at 244 pence a share, raising GBP103 million. Deutsche Bank AG, London Branch and UBS Ltd acting as joint bookrunners. Carphone Warehouse is entitled to retain any upside on the sale price of the Consideration Shares above a value of 190 pence per share. Before the deduction of expenses and commissions, approximately GBP80 million of the Gross Proceeds are deliverable to Best Buy and Carphone Warehouse retains in aggregate approximately GBP23 million. 

Company Quote

0.38 +1.00%
9:47am EST