How low can they go? Facing pushback from some investors, private-equity company
Carlyle Group reduced the price for its widely anticipated public offering, a
possible sign of the skepticism some investors harbor toward the business, according to the Wall St Journal.
The Washington, D.C., firm, one of the largest in its
industry and one of the last major buyout firms to become a public company,
adjusted the price of its newly minted shares below its planned range, after
spending weeks contending that the original range for its stock was
conservatively priced.
The downshift came after some mutual-fund investors pushed
for a better deal, said people familiar with the matter…
Find out more at http://online.wsj.com/article/SB10001424052702304743704577380111481098448.html?mod=WSJ_Markets_LEFTTopStories
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