RealTime IT News

LibertyOne Admits Merger Talks Without Naming China.com

LibertyOne share trading has yet again witnessed a reaction to market speculation that the company may be part of a takeover bid from China.com.

In response to prices reaching a record high of AUS$2 yesterday, the company was forced to issue another statement to the Australia Stock Exchange, the second such briefing in a fortnight.

In responding to the ASX, LibertyOne said the company is presently in talks with another company, which may lead to a merger between LibertyOne and an undisclosed company.

According to LibertyOne, the board is yet to make a decision regarding the merger proposal. Yesterday shares closed at AUS$1.93 up some 34 cents from a fortnight ago.