Company News DALGETY OFFER
£A2.6m Bid For Pastoral Firm Dalgety and New Zealand Loan. Ltd., has made an offer worth £2.6 million at market prices for the £864.279 capital of Pastoral Developments (Holdings), Ltd., Sydpey. Pastoral Developments is the holding company for a group which runs 14 large sheep and cattle properties in Queensland, northern New South Wales and Western Australia-. The offer is two 20s ordinary shares in Dalgety and New Zealand Loan and 60s cash for every three 20s ordinary Pastoral Developments shares. Dalgety and New Zealand loan shares' are currently selling at about 625. in Sydney. Net tangible asset backing of Pastoral Developments was 31s 5d a share, according to the last balance-sheet. The directors of Pastoral Developments have accepted the bid and recommended it to shareholders.
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Bibliographic details
Press, Volume CII, Issue 30286, 12 November 1963, Page 25
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130Company News DALGETY OFFER Press, Volume CII, Issue 30286, 12 November 1963, Page 25
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