Investors in Maas Group were in for another shock on Wednesday morning as shares dropped 8.5 per cent at the open.
An hour earlier, 15 million shares in the construction business were crossed at $4.31 per share – a 14 per cent discount on the prior day’s $5 close price. This represents 4.2 per cent of shares on issue, or $65 million worth of stock.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com