Cavalier shares halted pending Appeal Court judgment on wool scour merger

By Tina Morrison
Nov. 30 (BusinessDesk) - Cavalier Corp shares were halted from trading as the New Zealand carpet maker awaits the outcome of an appeal against a High Court ruling which gave the green light to the merger of its wool scouring operations.
A judgment on the appeal by rival carpet maker Godfrey Hirst is due today and Cavalier has requested its stock be halted from trading to allow it to consider the implications and prepare its response, the Auckland-based company said in a statement. The shares closed yesterday at 73 cents,...
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