Williams changes share price after Bahrain axe

The pricing range for shares ahead of Williams’ Frankfurt floatation next week has been reduced.

The team had initially announced that shares would be offered for between EUR 24 and 29.

But in the wake of the cancellation of the season opening Bahrain grand prix, British newspapers the Telegraph and the Independent report that the range has been tightened and reduced to EUR 25 to 27.

The Telegraph said the change comes "as the sport scrambles to fix its racing schedule in the midst of the Middle East crisis".