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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
2 mins to read

Fletcher shares back to reality after takeover speculation

Share price has stabilised after Australian conjecture of a possible bid sparked a buying flurry, following months of bad news.

Fletcher Building; parts said to be greater than the sum of the total.

Fletcher Building was down 3.5% in afternoon trading Friday, off the boil after takeover speculation helped fire the stock to a 9.2% jump to $3.19 on Thursday.

That was after The Australian’s Dataroom column reported that US-based Platinum Equity was understood to be “running the ruler” over

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Brent Melville Fri, 24 May 2024
Contact the Writer: bmelville@nbr.co.nz
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Fletcher shares back to reality after takeover speculation
Investment,
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