NEW MOVE BY BRIERLEY
Another Buy In Australia (N.Z. Press Association) MELBOURNE, June 3. R. A. Brierley Investments of Wellington, has acquired a majority interest in Industrial Equity, a Melbourne group which indicated its intention to go into voluntary liquidation last December. The move was made through Brierley’s Melbourne-register-ed subsidiary, the Citizens and Graziers Life Assurance Company, at twenty cents a share. Same Price Citizens and Graziers has also made an offer for the balance of the shares at the same price. Directors of Industrial Equity say they consider the offer a reasonable one, as it reflects the present asset backing of the shares, and they say they have accepted in respect of their own shareholdings. The price of 20 cents a 20c Industrial Equity share equalled yesterday’s closing price. The directors of R. A. Brierley reported yesterday that Industrial Equity would act as the holding company for R. A. Brierley's present Australian interests.
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Press, Volume CVI, Issue 31077, 4 June 1966, Page 23
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154NEW MOVE BY BRIERLEY Press, Volume CVI, Issue 31077, 4 June 1966, Page 23
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