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.