Shares & Derivatives
Juken and Frencken ask for trading halt this morning…..is the wait finally over ?!
By Kevin Scully-Financial Blog  •  May 14, 2012
Juken and Frencken ask for trading halt this morning.....is the wait finally over ?! Monday, 14 May, 2012  9:52 AM Posted by Kevin Scully  Both Juken and Frencken has asked for a trading halt this morning.  In September 2011, both companies announced that they were involved in discussions that could lead to a merger via a scheme of arrangement.   Since then both companies have been giving shareholders monthly updates that discussions are still on going. I dont know what the Trading Halt will lead to, ie whether the scheme will go through or discussions will be discontinued but I think that after eight to nine months - its good to bring some finality to the episode......
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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