Buyout talk swirls around Fletcher Building

Buyout talk swirls around Fletcher Building
Fletcher's share price rose on the back of an article featuring merger and acquisition rumours. (Image: Getty)
John Anthony
A collapse in Fletcher Building’s share price has likely caught the attention of strategic buyers looking to snap up the beleaguered construction giant, an analyst says.The dual-listed company’s share price tanked in recent weeks following a half-year results announcement that included a 26.7% drop in earnings before interest and tax, an after-tax loss of $120 million and the resignation of its chair Bruce Hassall and chief executive Ross Taylor.At the start of February, its share price sat at about $4.50 but dropped to as low as $3...

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