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......