ACC tops up holding of beat-up MetroGlass shares, now owns 6.6% stake

Fri, 13 Apr 2018

By Jonathan Underhill April 13 (BusinessDesk) - Accident Compensation Corp has topped up its holding of Metro Performance Glass, taking advantage of a stock that has shed almost two-thirds of its value in the past 17 months and touched a record low last month. The state-owned accident insurer paid $2.1 million for 2.5 million MetroGlass shares between Dec. 15 last year and April 12, paying an average 83 cents apiece. The stock sank to a record low 71 cents on March 27 and was recently at 82 cents, down from as high as $2.23 in November 20...

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