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

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData