Umbro cuts flotation price

Sports kit supplier Umbro today said tough markets had led it to slash its flotation price by a third.

Umbro cuts flotation price
Fri, 28 May, 2004 - 12:28

Sports kit supplier Umbro today said tough markets had led it to slash its flotation price by a third.

The UK-based company hoped to gain a value of more than £200m (€163m) from listing on the London Stock Exchange, but this was scaled back today to £144.5m (€118m).

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CourtsBusinessHeathrowPlace: UKPlace: United StatesPlace: FrancePlace: Far EastPlace: PortugalPerson: Peter McGuiganPerson: Doughty HansonEvent: European ChampionshipsOrganisation: UmbroOrganisation: London Stock ExchangeOrganisation: ChelseaOrganisation: Olympique LyonnaisOrganisation: Cheadle
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