Vocus stock halted from trading on ASX after report it will buy FX Networks

Mon, 30 Jun 2014

By Jonathan Underhill June 30 (BusinessDesk) - Shares of Vocus Communications were halted from trading on the ASX after National Business Review reported it is close to buying fibre optic cable network operator FX Networks for more than $100 million. "The trading halt is requested in response to media speculation this morning and pending an announcement by the company of a possible acquisition," Vocus said in a statement. Vocus shares have soared 128 percent in the past 12 months, and last traded at A$4.76 on the ASX, valuing the comp...

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