Harcourt Brace revised its Cypress Gardens offer.

The new offer by the Orlando-based publishing company for the tourist attraction is $7.90 a share for a total of $22.6 million. The new offer was less than the stock swap first proposed in April. That deal didn’t have a set price but was pegged to a ratio of Harcourt stock that translated to about $8.30 a share in April. Since the takeover announcement, the price of Harcourt Brace Jovanovich stock has risen about $15 a share while the attraction’s restaurant has sunk into the ground. Ken Smith, Cypress Gardens president, said the renegotiation was due to a 100-foot wide sinkhole that opened in June beneath a restaurant at the tourist attraction dropping the dining facility about four feet into the ground.