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Carsales (ASX:CAR) share price halted to raise funds for major US acquisition

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The Carsales.Com Ltd (ASX: CAR) share price won’t be going anywhere on Wednesday.

This morning the auto listings company requested a trading halt so that it could undertake an equity raising.

Why is Carsales raising funds?

According to the release, Carsales has entered into a Securities…



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