Freshtel Holdings Ltd (ASX:FRE) has been granted an ASX trading halt, with its shares placed in pre-open.
Freshtel requested the halt pending to enable documentation relating to the withdrawal of the Takeover Panel’s application by Dominet, and the Panel’s agreement to the withdrawal is finalised and released.
The takeover offer will be withdrawn and Freshtel will be lodging a Supplementary prospectus.
The halt will remain in place until the opening of trade on Tuesday 6th September 2016, or earlier if an announcement is made to the market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.