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PMP won’t give TMA access to more due diligence until it sees proof of funding
July 5 (BusinessDesk) - PMP, the ASX-listed printer, said it won’t allow TMA Group further access to its books for due diligence until it sees proof that the would-be suitor could fund a takeover offer. Shares of PMP soared in April when it disclosed a “highly conditional, non-b...
Rubicon shares jump on fully subscribed rights issue
July 5 (BusinessDesk) - Forestry science and wood products investor Rubicon has completed its $21 million one-for-three rights issue, fully subscribed, with all shares taken up by existing shareholders at a slight premium to the issue price. The Rubicon share price jumped 8.3 pe...
ASX-listed PMP in trading halt on pending statement on TMA takeover bid
By Paul McBeth July 5 (BusinessDesk) – Shares of ASX-listed printer PMP were halted ahead of a statement relating to the "highly conditional" takeover offer made by TMA Group. The printing company expects to release a statement before midday in Australia "in relation to the pr...