Trading in shares of carmaker Spyker suspended
(AP) — The Dutch financial regulator says it has suspended trading in shares of luxury carmaker Spyker Cars NV Tuesday in expectation of a press release.
The regulator said Tuesday it stopped trading "pending a press statement" by Spyker.
Spyker's shares leapt 70 percent Monday on speculation investors in the loss-making Spyker will buy Saab Automotive from General Motors Co., a deal which could help Spyker.
The companies said Monday they were in talks but have not reached a deal.
Spyker spokesman Mike Stainton has declined comment on why trading was suspended. Shares were up 2.8 percent at €3.908 ($5.50) before trading was halted Tuesday.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
AMSTERDAM (AP) — The Dutch financial regulator says it has suspended trading in shares of luxury carmaker Spyker Cars NV Tuesday in expectation of a press release.
The regulator said Tuesday it stopped trading "pending a press statement" by Spyker.
Spyker's shares leapt 70 percent Monday on speculation investors in the loss-making Spyker will buy Saab Automotive from General Motors Co., a deal which could help Spyker.
The companies said Monday they were in talks but have not reached a deal.
Spyker spokesman Mike Stainton has declined comment on why trading was suspended. Shares were up 2.8 percent at €2.908 before trading was halted Tuesday.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
