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Carsales.com (ASX:CAR) has halted trading as a result of its decision to acquire the remaining 51 per cent interest in Trader Interactive for US$809 million (A$1.17 billion).
Australian shares are up 1.6pc; Dye & Durham cuts Link offer; Carsales to buy rest of Trader Interactive for $1.2b; Metcash announces new distribution centre; Suncorp reviews banking operations. Follow updates here.
Funded through equity raise.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
/PRNewswire/ -- carsales.com Ltd (carsales), the largest online marketplace in Australia focusing on the automotive, motorcycle, and marine realms, has...