Taylor Wimpey Gets Financing Approach From Hedge Fund, FT Says

Bloomberg- Taylor Wimpey Plc, Britain’s biggest housebuilder, may get a 100 million-pound ($199 million) investment from a hedge fund to bridge a financing gap, the Financial Times reported, citing unidentified people close to the money-raising effort.

Shares of Taylor Wimpey fell 42 percent yesterday after the company failed to reach a 500 million-pound financing agreement with shareholders and potential new investors; the stock “spiked,” however, in the last minutes of trading, the newspaper said.

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