Official news from the company now out, FT were pretty close:
http://www.investegate.co.uk/Article.aspx?id=200806020804327115V
Rights issue repriced to 55p and £258 million, TPG to take 23% stake, CEO to step down. Disaster!
B&B Update 2
2 June, 2008
Leave a Comment » | 
Uncategorized | Tagged: Banks | 
Permalink
Posted by quonga
B&B update
2 June, 2008Looks like the MAC clause has been invoked… the FT reports that the rights issue is going to be repriced to 50p and TPG are going to take a 20% stake:
http://ftalphaville.ft.com/blog/2008/06/02/13474/tpg-buys-150m-stake-in-bb/
No official news from the company yet.
Leave a Comment » | 
Uncategorized | Tagged: Banks, UK quoted companies | 
Permalink
Posted by quonga
