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Nursery chains: Shadow over UK branch of ABC as shares fall
By Catherine Gaunt,
Nursery World,
5 March 2008
Shares in the world's largest private childcare provider fell dramatically last week, casting speculation over the future of its UK operations.
ABC Learning Centres, the Australian-based parent company of the Busy Bees, Leapfrog and TLC nursery chains, lost A$360m of its value in one day's trading. Shares, which peaked at $8.40 last summer, dropped to a low of $1.15, before closing at $2.14. The company's shares were suspended from trade last Wednesday as it discussed the sale of part of its business. ABC's founder and chief executive Eddy Groves and some of the other directors sold their own shares to...
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