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LONDON (Alliance News) - Worthington Group PLC Monday said it requested a temporary suspension of its shares in order to consult with the Financial Conduct Authority as to whether any of its recent deals, or those it is currently contemplating, could be classified as a reverse takeover.
In a statement, Worthington said it will make a further announcement before the end of the week.
Worthington's shares were suspended on Friday.
Last week, the group said it was in discussions over the acquisition of a number of new investments across a various sectors.
The group's share price had rocketed to as high as 234.00 pence in the weeks following its restoration to trading from a previous share suspension, but last traded at 87.00 pence per share.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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