Citing ‘current difficult market conditions,’ France Telecom (FT)...
Citing “current difficult market conditions,” France Telecom (FT) lowered price range for its international offering of 15% of shares of its wireless subsidiary Orange. In Jan., FT said it planned price range of $11.50-$13.50 per share. On Wed., it…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
dropped range to $8.84-$10.23. Listing of Orange reportedly also was pushed back to Feb. 16 from Feb. 12. IPO planned for Paris and London exchanges already has been delayed from initial late Jan. time. FT has said it plans to use part or all of proceeds of share offer to repurchase shares issued to Vodafone AirTouch when it finalized purchase of Orange in Aug.