Share Exchange Merger Basis
(N.Z. Press Association)
INVERCARGILL, May 7. The merger of Tourist Air Travel, Ltd., and Southern Scenic Air Services, Ltd., has been effected by the issue of 8000 fully-paid ordinary shares in Tourist and Travel to the existing shareholders of Southern Scenic and West Coast Airways, a subsidiary company.
The balance of the consideration will be paid in cash, according to a circular letter to Tourist and Travel shareholders.
The letter says further details of the merger will be available to shareholders at the annual meeting of the company sometime next month.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650508.2.49
Bibliographic details
Press, Volume CIV, Issue 30745, 8 May 1965, Page 3
Word Count
95Share Exchange Merger Basis Press, Volume CIV, Issue 30745, 8 May 1965, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.