The pricing was delayed from Tuesday to evaluate the potential legal impact of the investigation and to allow investors who had already submitted orders to have another look at the issue. But as no investors withdrew or changed their orders, the company and sole bookrunner Morgan Stanley decided to go ahead with the deal yesterday. And with virtually no price sensitivity in the book they were even able to price the equity portion at a zero percent discount to the...
¬ Haymarket Media Limited. All rights reserved.