Fletcher break-up talk resurfaces after recent share slump

Tue, 18 Apr 2017

By Paul McBeth April 18 (BusinessDesk) - Speculation about a break-up or buyout of Fletcher Building has re-emerged with investment banks said to be working on pitches on the other side of the Tasman, according to an Australian media report. The Australian Financial Review's 'Street Talk' column today reported that at least three investment banks are seeking a buyer for Auckland-based Fletcher after the shares sank 21 percent, wiping $1.52 billion from the value of the country's biggest building firm, over unexpectedly weak earnings from...

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