Proposed Woollen Mills Merger
(New Zealand Press Association) WELLINGTON, May 15.
Up to Friday, the closing date for acceptance, ,88.6 per cent, of shareholding of the Timaru Worsted and Woollen Company, Ltd., had ratified the proposals for the merger with the Oamaru Worsted and 'Woollen Mill Company, said the secretary (Mr F. B. McKenzie) today. ■Ninety per cent, of the value of the ordinary shares in the company must be in favour before the merger can be completed.
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Bibliographic details
Press, Volume XCIX, Issue 29205, 16 May 1960, Page 12
Word Count
78Proposed Woollen Mills Merger Press, Volume XCIX, Issue 29205, 16 May 1960, Page 12
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