Unite Group slumped on Friday after shareholder CPPIB European Student RE Holdings placed 36.2m shares in the company.
Source: Sharecast
According to Bloomberg, the shares are being offered via JP Morgan Cazenove in an accelerated bookbuild at a price of 505p to 515p - a discount to Thursday’s closing share price of 532.50p.
At 0854 BST, Unite shares were down 3.8% at 512.25p.
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.