N.Z. United offer out
(N.Z. Prtu Attociation) WELLINGTON, Mar. 8. The formal offer to buy 400,000 fully-paid ordinary shares in the New Zealand United Corporation, Ltd, at 400 c cash, has been sent to shareholders by Bell Gully Nominees, Ltd, as trustee for Barclays Bank International. Ltd, Bamerical Inters'" ll *] • Financial Corporation, and • the Fletcher Trust apd Investment Company, Ltd. The offer, for up to 40 per cent of their respective holdings will remain open until March 24. The N.Z.U.C. directors are unanimous in recommending the offer. Bell Gully Nominees will hold the shares in trust for Barclays (40 per cent). ; 8.1.F.C. (40 per cent), and < Fletcher Trust (20 per cent).. If the offer is not filled under the initial 40 per cent acceptance terms, there are conditions for certain shareholders’ shares to be accepted on a first-come, first-served ? basis. ;
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Bibliographic details
Press, Volume CXII, Issue 32861, 9 March 1972, Page 19
Word Count
140N.Z. United offer out Press, Volume CXII, Issue 32861, 9 March 1972, Page 19
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