30th Apr 2018 09:23
LONDON (Alliance News) - Tesco PLC on Monday said it expects the maximum acceptance amount for its recently announced tender offer to be approximately GBP600.0 million.
Earlier April, the company said it would offer for a series of notes for up to GBP500.0 million as it looked to reduce debt.
The offer expired on Friday last week, and pricing will be arranged at around 1300 BST, Tesco said, and it will then say which tenders have been accepted.
Tesco shares were down 1.4% in early trading Monday at 234.80 pence each.
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