BrisConnections Halted Ahead of Potential Approach (Update2)
By Malcolm Scott
April 6 (Bloomberg) -- BrisConnections, the Australian road builder that’s tumbled 99.9 percent since its initial public offering in July, requested its shares be halted from trading in Sydney today ahead of a potential approach to unit holders.
The company has received “material information” from one of its underwriters regarding a possible approach, it said today in a statement. Macquarie Group Ltd., Australia’s biggest investment bank, and Deutsche Bank AG are its underwriters.
Bloomberg takes the announcement to mean one thing....TAKEOVER
wow... I hope so
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