Fulton Hogan shelves share buyback, citing Australian project woes, potential acquisition

Thu, 12 Jul 2012

By Paul McBeth July 12 (BusinessDesk) - Fulton Hogan, the privately-owned construction company, has put off its share buyback plan as problems on an Australian project and a potential acquisition loom over its annual share valuation. The Christchurch-based firm told shareholders last month it has formally revoked its October offer to buy back small share parcels while it conducts its annual valuation. "We realise this notice is earlier than normal, but fixing some difficult trading and project issues in Australia and considering a potentia...

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