The BWX Ltd (ASX: BWX) share price won't be going anywhere today after the personal care company requested a trading halt.
Why are its shares in a trading halt?
This morning BWX requested a trading halt pending an announcement concerning an acquisition and associated capital raising.
Its shares are expected to resume trading on Tuesday September 12 after the completion of its capital raising.
No details have been given in regards to which company BWX is intent on acquiring, though the Australian Financial Review believes it to be Australian natural beauty products business Nourished Life.
According to the report, BWX will look to fund the earnings accretive acquisition by raising $17 million at $5.35 per share.
