Bank of Queensland (ASX:BOQ) shares halted ahead of potential $1.3bn ME Bank acquisition

The Bank of Queensland Limited (ASX: BOQ) share price won’t be going anywhere on Friday.

After the market close on Thursday, the regional bank requested two back to back trading halts for up to four trading days.

This means the Bank of Queensland share price is likely to be out of action until Thursday 25 February.

Why is the Bank of Queensland share price in a trading halt?

Bank of Queensland requested a trading halt this afternoon so that it can consider, plan and execute a proposed equity capital raising.

According to the request, this equity capital raising comprises an accelerated non-renounceable pro-rata entitlement offer and a placement to institutional investors. It is being undertaken to fund a potential…