TIL trading halted pending Bowker, Kern sell-down

Sun, 07 Oct 2018

By Gavin Evans Oct. 8 (BusinessDesk) - Trucking operator TIL Logistics has halted trading of its shares while two major shareholders sell down more than 14.5 percent of the company’s stock. Bowker Holdings and Kern Group intend to sell up to 12 million shares in the New Plymouth-based trucking and logistics firm. They currently own just over 88 percent of the company. Trading in TIL shares will be halted until a bookbuild managed by Woodward Partners is completed, or Wednesday morning at the latest, TIL said in a note through NZX. The...

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