Business
Computershare (ASX:CPU) shares halted after announcing major US$750m acquisition – The Motley Fool Australia
The Computershare Ltd (ASX:CPU) share price is in a trading halt while it raises funds to complete a major US$750 million acquisition…
The Computershare Ltd(ASX: CPU) share price won’t be going anywhere this morning.
This follows the request for a trading halt by the stock transfer company prior to the market open.
Why is the Computershare share price in a trading halt?
Computershare requested a trading halt this morning so that it could undertake a capital raising to partly fund a major new acquisition.
According to the release, the company is aiming to raise $835 million (US$634 million) via an underwritten pro-rata accelerated…
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