Take-over By Mason Bros.
(N.Z. Press Association) AUCKLAND, May 21. Mason Brothers., Ltd., Auckland heavy engineer, has acquired the Wellington merchant firm of J. C. Riddell Holdings, Ltd., for a consideration in shares and cash worth about £142,000 at market values.
Mason Brothers’ offer of three Mason shares for every five of the 94,361 Riddell shares, plus 7s cash a share, has been accepted by all shareholders.
Rubber Distributors. The directors of Rubber Distributors, Ltd., have announced that diviends of 8 per cent on ordinary and A preference shares, and 5 per cent on B preference shares, will be recommended. A proposal to convert- all shares into 10s units will also be considered. Ex dividend 1.9.64.—(P.A.)
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Bibliographic details
Press, Volume CIII, Issue 30447, 22 May 1964, Page 17
Word Count
116Take-over By Mason Bros. Press, Volume CIII, Issue 30447, 22 May 1964, Page 17
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