Dark Blue Sea shares on trading hold
Dark Blue Sea, the parent company of registrar, PPC aggregator, marketplace and portfolio holder Fabulous.com, has proposed a trading halt to the Australian stock exchange until December 12th, 2006, pending the release of an announcement by the company. In the past weeks the stock has been steadily rising. The company also just announced the conclusion of their share buyback program.
[via DNForum]
[...] As I had reported earlier, Dark Blue Sea (DBS) had asked for a trading hold on their stock on the Australian Stock Exchange. Apparently there is a takeover bid by “Photon Group Limited” at a price of 65 cents cash per share (more details in Annexure A of the bid).? Photon Group Limited owns 19.8% of the Dark Blue Sea shares to date. The board of DBS recommends that the shareholders take no action at this point until the directors have had time to respond to the offer. [...]