children playing

ABC talking to buyers [AU]

Printer-friendly versionSend by emailPDF version
Business, ABC News
Format: 
Article
Publication Date: 
29 Feb 2008
AVAILABILITY

See text below.

EXCERPTS

ABC Learning's shares remain suspended from trade today as talks continue with prospective buyers of part of its business.

The company's shares were placed on a trading halt on Wednesday, as it held discussions over the sale of part of its business.

Last night ABC Learning requested that its shares remain suspended from trade for another three days as talks continue.

...

The company expanded aggressively into America and some commentators say that has left it heavily in debt and facing its current problems.

Last night the company rejected suggestions the release of its disappointing profit results caught the market off-guard and led to the share price plunge this week.

It maintains it has always kept the market well-informed.

Instead, the company blames market speculation over whether it was in compliance with its banking contracts.

...

- reprinted from ABC News