Suncorp Group Says Speculative Media Article May Have Caused Recent Share Price Spike
MT Newswires Live
Yesterday
Suncorp Group (ASX:SUN) said a speculative article in The Australian regarding preliminary takeover talks between the company and Tokio Marine may be the reason for a recent increase in its share price and trading volumes, according to a Thursday filing with the Australian bourse.
In response to a query from the ASX, the company said it is not aware of any undisclosed information that could explain the recent trading in its securities.
Suncorp said it is not in discussions over a takeover and has not received a takeover offer. It also confirmed its compliance with listing rules.
The company's shares fell 5% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.