Nexus Energy enters trading halt

Energy group's shares placed in halt pending announcement on Seven takeover bid.

Nexus Energy (NXS) shares have been placed in a trading halt, pending an announcement about the intentions of suitor Seven Group in the event is proposed takeover bid is not implemented.

Shares will remain in a halt until the start of trade on Wednesday or when the announcement is released, whichever is earlier.

Seven's cash offer of 2c per share is expected to close this month and offers a loan to enable the target to continue its operations.