TPG Telecom Announces Trading Pause Update
Key points
- Infomedia Ltd (IFM) announcement erroneously cross-released against TPG
- Trades in TPG prior to trading pause will be cancelled
- TPG to remain in trading pause while cancellation is processed
Full summary
TPG Telecom Ltd has announced an update regarding a trading pause on its stock. The announcement states that the announcement made by Infomedia Ltd (IFM) this morning about entering into a scheme implementation agreement with McQueen BidCo Pty Ltd, an entity ultimately owned by funds managed or advised by TPG Capital Asia, was erroneously cross-released by ASX against TPG Telecom Limited. This announcement is unrelated to TPG Telecom Limited and is in the process of being deleted by ASX. Trades that have occurred in TPG today prior to the Pause in Trading at 10:15:18 am will be cancelled. TPG will remain in a Pause while the cancellation is processed. A further announcement will be released advising of the time that the trading Pause will be lifted.
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