Fairfax Media Says Trade Me Offer Price Set At NZ$2.70/Share
November 07 2011 - 5:41PM
Dow Jones News
Fairfax Media Ltd. (FXJ.AU) said Monday it has set the price on
the initial pubic offering of 34% of its Trade Me Group Ltd. at
NZ$2.70 a share.
Fairfax Media will derive NZ$529.5 million from the sale, when
combined with the Trade Me Group's NZ$166 million of debt, it said
in a statement.
UBS New Zealand is underwriting the deal.
-By Cynthia Koons; Dow Jones Newswires; +61-2-8272-4691;
cynthia.koons@dowjones.com
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