Credit reporting business Veda in a trading halt pending an announcement. Following this month's sell down from Pacific Equity Partners, the market is speculating the announcement involves an inbound takeover offer for Veda.
Credit reporting business Veda is in a trading halt pending an announcement.
Following a sell down from Pacific Equity Partners, the market is speculating the announcement involves an inbound takeover offer for Veda.
Shares in Veda are down more than 18 per cent to $1.99 since the start of August.
Sources pointed to London-listed Experian PLC as a logical suitor. Experian is a global information services group with operations in 40 countries and a market value of about 10 billion pounds.
VED Price at posting:
$2.00 Sentiment: Hold Disclosure: Held