WH Smith agrees to knock down sale price for high street business

  • WH Smith PLC (LSEMWH) has completed the sale of its High Street business at a lower price, after a period of softer trading led private equity buyer Modella Capital to seek "amendments" to the deal.  In all, a price of £40 million has now been agreed, down from the original £52 million cash deal, which was hoped to reach £76 million once all costs were accounted for.