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GNS Gunns Fpo

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Share Name Share Symbol Market Type
Gunns Fpo ASX:GNS Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Bank of America Takes 5.07% Stake In Australia's Gunns

06/05/2010 11:08am

Dow Jones News


Gunns Ltd (ASX:GNS)
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Bank of America Corp. (BAC) said Thursday it has taken a 5.07% stake in Australian forestry company Gunns Ltd. (GNS.AU).

Bank of America said in a filing to the Australian Securities Exchange that it acquired the Gunns shares last Friday.

It didn't specify the value of the stake.

Gunns is undergoing a restructuring as it attempts to secure investors for a A$2 billion pulp mill at Bell Bay in Tasmania.

-By Neil Sands, Dow Jones Newswires; 61-3-9292-2095; neil.sands@dowjones.com

 
 

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