Seek halts trading while it raises cash

06 May 2009

A halt has been called in trading of Seek shares as the Australian recruitment portal attempts to raise more than A$100 million ($71 million U.S.) to fund acquisitions for its education and training businesses.

In announcing the halt on the Australian Stock Exchange (ASX), Seek said that it will be using $42.5 million of the money it raises to acquire 50 percent of Think, an education bu



Access the full article now

If you are a current client please log in below.

Share

Jim Townsend