Heads up on ICI.
They have released a sneaky announcement after hours that contains a nest of snakes:
There's a buried disclosure near the end about their flagged acquisition in the technology sector not going ahead.
As if this is not bad enough, they chose to bury it in an announcement about recent placement shares not being legit.
The voluntary suspension that began on 15/11/2017 for the acq will now continue for an entirely different reason to resolve the status of the placement shares in the Federal Court.
This shocker of an announcement may have a knock on effect on FFG.
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