Wesfarmers has reduced the size of its retail entitlement share offer.

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Wesfarmers said that it would offer 18.3m new shares rather than the previously stated 19.6m shares.


In a statement released today (22 May) the owner of Coles said shares will be offered at the price of A$29 per share. The offering will now raise A$530m (US$510m), down from A$570m.


Following the announcement Wesfarmers shares remained flat, closing at A$39.79.

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