Wednesday, November 14, 2012

Noble

Noble: According to reuters, Noble fell as much as 6.9% on Wed after news its third-biggest shareholder, Harry Banga, is offering up to $200m worth of shares in the commodities trader. Banga is offering up to 225 million shares at a range of $1.10 to $1.12 each, a source with knowledge of the plans said on Monday. Citigroup , Goldman Sachs and JPMorgan were hired to handle the transaction.

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