March 20, 2019 / 11:20 PM / 3 months ago

Australia's Navitas halts share trading ahead of update on takeover talks

March 21 (Reuters) - Adult education provider Navitas Ltd halted trade in its shares on Thursday ahead of an update on takeover talks with its founder and a private equity firm.

Navitas’ board had earlier this year backed a $1.5 billion buyout proposal from its founder Rob Jones and private equity company BGH. It had also extended due diligence with the bidders. (Reporting by Ambar Warrick in Bengaluru; Editing by Stephen Coates)

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