Moneysupermarket founder cancels 6.4 percent stake sale

March 25, 2015 publisher 268-5-pence, internet, million-shares, shows-icons, simon-nixon, social-media, source-had, twitter

The founder of British price comparison company Moneysupermarket.com, Simon Nixon, on Wednesday scrapped a plan to sell a stake of up to 6.4 percent in the company, less than a day after announcing it. A source had earlier told Reuters that Nixon was reducing offer to 4 percent of the company’s share capital — 22 million shares — from the 35 million shares previously targeted, with a price range of between 268 pence and 270 pence. News of the cancellation sent shares in Moneysupermarket down 6.3 percent to 268.5 pence by 0850 GMT.

View original post here:
Moneysupermarket founder cancels 6.4 percent stake sale