McCarthy & Stone slumps on placing news
By Michele Maatouk
Date: Wednesday 29 Jan 2020
(Sharecast News) - McCarthy & Stone was under the cosh on Wednesday on news that private equity firm Anchorage Capital was placing 43m shares in the retirement housebuilder.
According to terms seen by Bloomberg, the shares were being placed at 145p, with Goldman Sachs as bookrunner.
Anchorage will continue to hold 66m shares.
On Tuesday, McCarthy & Stone said pre-tax profit for the 14 months to 31 October had fallen 25% to £43.4m and warned that the outturn for the first half would be lower than the previous year after a slower star to the financial year due to the general election.
At 0822 GMT, the shares were down 5.2% at 147.60p.
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