Complaint filed to NZX over Warehouse share trading prior to buyout offer

The Warehouse Group operates The Warehouse, Warehouse Stationery and Noel Leeming stores. (Image: Jason Oxenham)

Wed, 24 Jul 2024

A spike in trading of Warehouse Group shares before Monday’s buyout offer announcement has sparked a complaint to the New Zealand Exchange’s watchdog.An NZ RegCo spokesperson confirmed to BusinessDesk it had received a formal complaint.It said it would refer the trading to the Financial Markets Authority (FMA) for investigation if it identifies it as “anomalous” or “indicative of potential inside trading”.The complaintIn a July 22 announcement to the New Zealand Exchange (NZX), the Warehouse issued...

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