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IOOF in new trading halt ahead of potential MLC acquisition

Lachlan Maddock
— 1 minute read

The wealth giant’s shares are in a trading halt as it prepares a capital raise, with rumours swirling that it is set to acquire MLC. 

IOOF has requested an extension to the trading halt for the purpose of considering, planning and executing a capital raising, which will comprise an institutional placement, an accelerated non-renounceable entitlement offer and a share purchase plan. IOOF went into a trading halt on Friday pending an announcement in relation to a "potential significant transaction". 

Media reports indicate IOOF could be preparing to purchase MLC. 

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More to come. 

 

IOOF in new trading halt ahead of potential MLC acquisition
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