Trading halted for Fletcher Building shares

Stock exchange operator, NZX, has halted trading in shares of Fletcher Building.

NZX said in a statement it granted a trading halt at Fletcher Building's request, pending an announcement.

Early last month the Australian Competition and Consumer Commission (ACCC) gave the green light to Fletcher Building's takeover bid for Australian insulation company Insulation Solutions.

Insulation Solutions is a subsidiary of building products company Amatek and makes insulation products from glasswool and reflective foil for businesses and homes.

Shares in Fletcher Building last traded yesterday at $7.07, having ranged between $4.08 and $7.43 over the past 12 months.

- NZPA