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No insider trading over Force-Ihug merger

By Phil Boeyen, ShareChat Business News Editor

Wednesday 30th August 2000

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The Securities Commission says it has not been able to find any evidence that people who bought Force Corporation shares before a market announcement had inside information.

The Commission says it has investigated the unusual trading volumes of Force shares on the 3rd of February, prior to the issuing of a "Don't Sell" notice by the company.

On February 8th Force confirmed that the other party to these talks was The Internet Group.

The Securities Commission says it has now finished its inquiry, and was unable to establish on the evidence that the persons who had bought shares had possession of inside information about the proposed merger.

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