News: Boart Longyear Ltd (BLY.AX)

BLY.AX on Australia Stock Exchange

29 Aug 2014
Price Change (% chg)

$-0.01 (-5.88%)
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Wed, Jul 16 2014

UPDATE 1-Boart Longyear shares fall on fear of restructuring

* Private equity could come to the rescue - analyst (Recasts with Boart statement, analyst comments)

Boart Longyear shares dive, trading halted

MELBOURNE, July 16 - Shares in Boart Longyear Ltd plunged 27 percent on Wednesday after the Wall Street Journal reported the world's largest supplier of drilling rigs to miners had begun talks with restructuring advisers.

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