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Local Weekly Roundups  - 27.05.2016

GO plc shares plunge as bid is announced

TheMalta Stock Exchange (MSE) Index declined by a significant 1.65 per cent, to close at 4,473.091 points. Activity was spread across 17 equities of which four gained ground, eight fell and five closed unchanged. Turnover amounted to €1.1m.

GO plc (GO)shares headed the list of fallers having plunged by €0.595 or 17.1 per cent as 40 trades of 104,520 shares were struck, to close at €2.885. This decline came as a reaction to the company’s announcement on Tuesday, stating that it has selected La Société Nationale des Télécommunications (Tunisie Telecom) as the final preferred bidder. A voluntary bid of €2.87 per share of the entire issued share capital of the company will be submitted. 

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