Methven shares halted pending material transaction

Thu, 13 Dec 2018

By Paul McBeth Dec. 14 (BusinessDesk) - Trading in Methven shares has been halted pending the announcement of a material transaction. The shares last traded at $1.15, valuing the tapware maker at $84.5 million. They've gained 4.6 percent so far this year, compared to a 1.1 percent increase in the NZX All Index over the same period. The halt will be lifted once the announcement's made or before the NZX opens on Monday, a notice to the stock exchange said. At its October annual meeting, Methven said the new financial year had started w...

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