Is Packer preparing to pounce on Fairfax 2 Extended Metro Edition

A PBL spokesman declined to comment on "market speculation". And Fairfax chairman Ron Walker was also coy. "Yes, I am aware of it but I have no comment on it," he said. Sydney share trader Ric Klusman said last night strong rumours were circulating that the [James Packer] organis...

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Bibliographic Details
Published inDaily telegraph
Main Author Matthew Charles, Geoff Easdown and George Lekakis
Format Newspaper Article
LanguageEnglish
Published Surry Hills, N.S.W Nationwide News Pty Ltd 22.11.2006
Subjects
Packer, James
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Summary:A PBL spokesman declined to comment on "market speculation". And Fairfax chairman Ron Walker was also coy. "Yes, I am aware of it but I have no comment on it," he said. Sydney share trader Ric Klusman said last night strong rumours were circulating that the [James Packer] organisation was seeking to build a 4.8 per cent stake in Fairfax. Mr Klusman, a senior institutional dealer for Aequs Securities, advised clients of the possible move on Fairfax 20 minutes before the market closed.
ISSN:1836-0203