Allegro makes partial exit from Australian retailer Best & Less
Allegro Funds has completed another partial exit from Australian baby and kids retailer Best & Less, generating proceeds of AUD 29.7m (USD 20.2m) through a block trade.
The private equity firm offloaded approximately 12.9m shares for AUD 2.30 apiece, reducing its holding from 43.55% to 32.43%, according to a filing. Best & Less stock fell 17% on August 31 in response...
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