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Fonciere Des Murs $135 Million Rights Offer Is Priced at Discount of 21%

Fonciere des Murs said it will seek to raise 97 million euros in a rights offer priced at 15 euros a share.

Existing shareholders can buy 13 new shares for every 100 held, the company said in a statement on the Les Echos website. That’s a discount of 21 percent to yesterday’s closing price of 18.93 euros, Bloomberg calculations show.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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