fosters takes 18.8%

  1. 5,549 Posts.
    Sydney - Thursday - January 13: (RWE Australian Business News) -
    Southcorp Ltd has been placed in trading halt, at the request of the
    company, pending the release of an announcement.
    This follows the sale by Reline Investments Ltd of all its
    shares in Southcorp (18.8 per cent of total issued capital) to Foster's
    Group Ltd at $4.17 a share and the resignation of Mr Robert Oatley and
    Mr Sandy Oatley as directors.
    "Foster's have requested discussions with the company; for this
    reason a trading halt is requested," Southcorp said.
    Foster's was also placed in trading halt this morning.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.