4th Oct 2013 06:32
LONDON (Alliance News) - Barclays PLC said Friday it had received 94.63% acceptances for its GBP5.96 billion rights issue.
Acceptances for 3.05 billion shares were received by the deadline for the offer, which was priced at 185 pence per share compared to Barclays' closing price Thursday of 273.00 pence per share.
The new shares will begin trading at the open Friday. The remaining 172.9 million shares not taken up will be either sold or acquired by the offer's underwriters - Credit Suisse, Deutsche Bank, Bank of America Merrill Lynch and Citigroup.
By Tom Waite; [email protected]; @thomaslwaite
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