SML - Synlait Milk Ltd

[Nigel]

not a product recall

[alex f]

Capital raise to pay the other land party the settlement sum?

[Gregnz]

Capital raise to pay the other land party the settlement sum?

The settlement sum was so low they said it had no material impact

[JohnnyTheHorse]

The settlement sum was so low they said it had no material impact

Would be unusual to place a halt during trading for a capital raise.

Takeover offer from A2 really wouldn't surprise me at all.

[sb9]

Would be unusual to place a halt during trading for a capital raise.

Takeover offer from A2 really wouldn't surprise me at all.

I doubt it, as A2 just took interest in Mataura Valley Milk. They wouldn't want to put too much investment into manufacturing.

[winner69]

If a big deal between SML and A2 wouldn't A2 be in a halt as well

[Gregnz]

If a big deal between SML and A2 wouldn't A2 be in a halt as well

It would have to be, hence its not a A2 takeover of SML

[Southern Lad]

If a big deal between SML and A2 wouldn't A2 be in a halt as well

ASX Trading Halt request timed at 4:05 pm states that the reason is "an announcement relating to a proposed capital raising".

[Gregnz]

ASX Trading Halt request timed at 4:05 pm states that the reason is "an announcement relating to a proposed capital raising".

Good spotting. Interesting that NZX hasn't even included that detail.

ASX Announcement here:

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

[freddagg]

ASX Trading Halt request timed at 4:05 pm states that the reason is "an announcement relating to a proposed capital raising".

Well spotted