APN in trading halt pending capital raising

Tue, 18 Feb 2014

Feb. 19 (BusinessDesk) - APN News & Media, the Australian publisher of the New Zealand Herald newspaper, has halted trading in its shares pending a capital raising. The Sydney-based company, which is due to report its first-half earnings today, has requested a halt in trading, “pending the release of a capital raising announcement to be made by the company,” it said in a statement. The Australian Financial Review today reported the media group will seek between A$100 million and A$150 million to buy out US Clear Channel’s stake in its Aust...

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