GUS 押し進めるs on with Burberry float

By LUCY FARNDON
Updated: 00:00 BST, 12 July 2002

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WHETHER 勇敢に立ち向かう or foolhardy, retailer GUS is going ahead with the Burberry float today. It has 定価つきの the 株 at 230p, at the 底（に届く） of the 230p-290p 範囲. The 決定／判定勝ち（する） to proceed にもかかわらず market 騒動 will puzzle some City 専門家s.

But GUS 財政／金融 director David Tyler said there were few 調印するs the market would 改善する if the float were 延期するd. '明確に we would have liked a higher price, but we did not have t o squeeze every penny out of this 取引，協定,' he said. 'It is very difficult to put off flotations without it 存在 inferred that there was no support for it. The 会・原則s have shown they support it.'

GUS is floating 22.5% of the company. It has given Merrill Lynch an 選択 to 問題／発行する another 3% if 需要・要求する is high. The float values Burberry at £1.15bn and raises £258m. Burberry boss Rose Marie Bravo gets a 1% 火刑／賭ける 価値（がある） £11m, 加える 選択s over another 1%.

If Burberry had been 定価つきの at 290p, another £67m would have been raised. 'This is the 同等（の） of just 7p on the GUS 株 price,' said Tyler. 'I think the 株 would have fallen more than that if the float had not gone ahead.'

GUS is one of the only companies willing to 勇敢に立ち向かう the 現在の market. 焦点（を合わせる） Wickes and Yell have scrapped their floats. GUS fell 15 1/2p to 556p.