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The latest update is out from Tower Limited ( (AU:TWR) ).
Tower Limited, listed on the ASX and NZX, has requested a trading halt on its securities to facilitate a major shareholder, Bain Capital, in selling its 19.9% stake in the company. This decision is aimed at ensuring an orderly market as the sale, which is not underwritten, could significantly impact Tower’s share price due to the large volume involved. The halt will remain in place until normal trading resumes on April 2, 2025, allowing Bain Capital to market the shares to institutional and eligible retail investors.
More about Tower Limited
YTD Price Performance: 15.19%
Average Trading Volume: 39,915
Technical Sentiment Signal: Sell
Current Market Cap: A$461.4M
For detailed information about TWR stock, go to TipRanks’ Stock Analysis page.