I wonder if they waiting for the market to close. Last time NAB had trading halt when they announced AXA takeover, the shares went back on market just before the close and the ensuing panic saw the SP decimated.
I hope they have learned something from that. If they release the news after the market close, investors will have more time to consider the implications and take in other factors for example what happened on European markets and in US.
I am not expecting good news, The board seem to be hellbent on destroying the SP lately. I hope that I am wrong.
AXA shares are also in trading halt. Given the fact that ACCC is not due to rule on the NAB/AXA deal until late April, the most likely case is that the deal is being dropped or substantially changed IMO. Maybe the French AXA parent came up with something that will have bearing on the deal.
Brian.
Ann: Trading Halt , page-8
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Last
$37.24 |
Change
-0.450(1.19%) |
Mkt cap ! $115.1B | |||
| Open | High | Low | Value | Volume |
| $37.15 | $37.30 | $37.10 | $237.5M | 6.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22438 | $37.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.25 | 150 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |