Wednesday, November 08, 2006

Funtastic announces major Purchase

Funtastic has entered an agreement to purchase Judius from ABC Learning Centeres for $44.6 million

I am not sure whether this is the news which caused the trading halt. Interestingly ABC Learning Ltd (ASX:ABS) did not entere a trading halt at all during the timeframe.

At this stage I am assuming this is the news and I believe it will be benfeficial to Funtastic. Did they overpay ? I will look into this later. Right now I thought I would post the news.

Good Luck Trading

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