Industrial group Barloworld is re-pricing its black ownership offer in line with a sharp fall in the value of local equity markets, it said yesterday, pushing its shares five percent lower. The company said shares would now be priced at R83,31, compared to an initial price of R103,87. That will reduce the economic cost of the deal to 2,8percent of the company's market value, versus 3,2percent under the original deal. - Reuters
Industrial group Barloworld is re-pricing its black ownership offer in line with a sharp fall in the value of local equity markets, it said yesterday, pushing its shares five percent lower. The company said shares would now be priced at R83,31, compared to an initial price of R103,87. That will reduce the economic cost of the deal to 2,8percent of the company's market value, versus 3,2percent under the original deal. - Reuters