re: trading halt - regarding negotiations-news
Wattyl (WYL.AU) expected to announce counterproposal to Allco Equity's (AEQCB.AU) low-ball A$3.25/share takeover bid after placing trading halt over shares; WYL last A$3.54, price suggesting increase in offer or rival bid likely, particularly since WYL rejection with independent valuation midpoint A$3.90. May well be rival bid from South Africa's Barloworld - owner of Taubmans, Bristol and White Knight brands - after Dec. 28 announcement it was interested.
WYL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held