Fletcher Building Limited has been served with a shareholder class action lawsuit in the Supreme Court of Victoria by an Australian law firm.
The lawsuit is brought by persons who acquired shares between 2016-2017 and relates to FBL's disclosures regarding its Building + Interiors business during that period.
FBL intends to defend the proceedings.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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