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Acquisition Ahead? Melbourne IT Suspends Share Trading

Acquisition Ahead? Melbourne IT Suspends Share Trading

Melbourne IT has called a trading halt on its shares, pending a coming announcement by the company. Trading will be halted at least until the earlier of commencement of normal trading on Wednesday, or when the company makes an announcement, the ASX said.

According to a Reuters statement, the announcement concerns finalisation of a potential corporate acquisition by Melbourne IT.

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