Kingfisher shares fell 5.75p to 170p yesterday, following its fall to 160.5p the previous day, close to the 155p rights issue price.
The retail giants rights issue, launched on 8 July, is due to close next Friday, 2 August.
The rights issue is underwritten by UBS Warburg, CSFB and Goldman Sachs International, and so the group is guaranteed to get the money it needs to fund its £3.3bn acquisition of the outstanding stake in Castorama.
However, a rights issue flop would be hugely embarrassing for Kingfisher.
Financial Times 27/07/02 page 12
