Cement Offer
New Zealand Cement Holdings, Ltd, has offered the shareholders of the Southland Cement Company, Ltd, one New Zealand Cement share for every two Southland Cement shares held. Alternatively Southland shareholders may accept 85c cash. The offer is open until February 21. News of the take-over was first given on December 14, but details were withheld. New Zealand Cement Holdings paid a dividend of 10 per cent in the latest year, covered 1.2 times. Southland Cement has not paid a dividend since its formation. New Zealand Cement shares last sold on December 15 at 148 c; Southland Cement last on December 1, at 75c.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19680113.2.85
Bibliographic details
Press, Volume CVIII, Issue 31576, 13 January 1968, Page 12
Word Count
105Cement Offer Press, Volume CVIII, Issue 31576, 13 January 1968, Page 12
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Acknowledgements
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