Trading in shares of carmaker Spyker suspended pending press release

Trading in shares of carmaker Spyker suspended

AMSTERDAM — The Dutch financial regulator says it has suspended trading in shares of luxury carmaker Spyker Cars NV Tuesday in expectation of a press release.

The regulator said Tuesday it stopped trading “pending a press statement” by Spyker.

Spyker’s shares leapt 70 percent Monday on speculation investors in the loss-making Spyker will buy Saab Automotive from General Motors Co., a deal which could help Spyker.

The companies said Monday they were in talks but have not reached a deal.

Spyker spokesman Mike Stainton has declined comment on why trading was suspended. Shares were up 2.8 percent at euro3.908 ($5.50) before trading was halted Tuesday.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

AMSTERDAM (AP) — The Dutch financial regulator says it has suspended trading in shares of luxury carmaker Spyker Cars NV Tuesday in expectation of a press release.

The regulator said Tuesday it stopped trading “pending a press statement” by Spyker.

Spyker’s shares leapt 70 percent Monday on speculation investors in the loss-making Spyker will buy Saab Automotive from General Motors Co., a deal which could help Spyker.

The companies said Monday they were in talks but have not reached a deal.

Spyker spokesman Mike Stainton has declined comment on why trading was suspended. Shares were up 2.8 percent at euro2.908 before trading was halted Tuesday.