rumour

Market Rumours Send APN News Media Stocks Up Nearly 25%


APN News & Media (ASX:APN) have seen their shares jump nearly 25 percent on market rumours.

  • There was speculation in the marketplace that APN News & Media had found a buyer for its New Zealand assets.
  • The company had placed its New Zealand assets including The New Zealand Herald and other magazine and radio assets for sale last May.
  • The APN shares were up 24.65 percent for the day, up 8.5 cents, to close at 43 cents per share.
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