ciy end due diligence on mfs..not going ahead, page-26

but wait there is more...


MFS Diversified put in trading halt


AAP

The firm has been trying to distance itself from its troubled manager MFS Ltd and is considering changing its name.

MFS recently sold its 16 per cent holding in MFS Diversified Group Ltd to raise much needed capital.

The fund also wants to wrest management control away from MFS and could do so by way of a friendly buyout.

MFS Diversified Group said its securities would remain in a trading halt until it made an announcement or until the commencement of trading on Friday.

The fund's securities lost 3.5 cents to 47.5 cents on Wednesday. At 99 cents, MFS shares are still in a trading halt.