Tuesday, July 3, 2012
Australian regulator probes David Jones mystery offer, trades
Australian regulators are probing the withdrawn A$1.65 billion ($1.7 billion) takeover offer for David Jones by a little-known Britain-based firm that sent shares in the country's No.2 department store chain on a rollercoaster ride. The Australian Securities and Investments Commission (ASIC) said in a statement on its website it was looking at potential issues over disclosure and trading in David Jones stock by both domestic and international parties. David Jones shares surged as much as 19
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