ACCEPTANCE OF BID
82.8 Per Cent. Of M.C.P. Acceptance of 82.8 per cent of the shareholding of M.C.P., Dunedin biscuit and confectionery manufacturers have been received by A.B. Consolidated until yesterday. This was announced by the chairman of A.B. Consolidated (Mr T. W. Perry).
Acceptances included the holding of Messrs John Mackintosh and Sons, of England, Mr Perry said. It was known also that many other acceptances were in transit, he said. “Many M.C.P. shareholders have delaved acceptance until the dividend of M.C.P. had been paid.” It was expected that the 90 per cent minimum acceptance would be received before the closing date on July 31, he added.
Bank Overdrafts.—Advances and discounts by trading banks were reduced to £244m on June 23 from £253.1m the week before. according to the Reserve Bank. On June 23 last year, advances and discounts totalled £2lSm.
Humes Interest.—Half-yearly interest on Humes, Ltd.. S» per cent registered unsecured notes wj'jl be paid on July 31. ex interest July 17.—(P.A.).
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Bibliographic details
Press, Volume CIV, Issue 30802, 14 July 1965, Page 19
Word Count
164ACCEPTANCE OF BID Press, Volume CIV, Issue 30802, 14 July 1965, Page 19
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