Cascal, a provider of water and wastewater services to customers in seven countries, amended the terms of its IPO in a filing with the SEC on Friday. The company now plans to offer 12 million shares at a range of $12-$13 after originally filing for an offering of 16.7 million shares at a range of $17-$19. According to the new terms, the number of shares offered by the company (7.1 million) is roughly the same as previously anticipated, but the selling shareholder plans to offer 4.7 million fewer shares. J.P. Morgan and Credit Suisse are the joint lead managers on the deal.
