Goodman bid for Zealandia favoured
The directors of Zealandia Milling Company, Ltd, have recommended that a takeover otter, by Goodman Group. Ltd, be accepted. Goodman Group has dispatched an offer to the shareholders for all their shares.
The consideration is to be one Goodman Group share, plus 10c for every Zealandia share.
The new Goodman Group shares will not participate in the bonus issue authorised on June 6 or any final dividend declared in respect of the last year to March 31. The offer is conditional upon acceptances being received in respect of not less than 116,340 ordinaryshares, or such lesser number not less than 65,558, as Goodman Group may decide. The latest date for acceptances is July 30.
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Press, 19 June 1979, Page 20
Word Count
119Goodman bid for Zealandia favoured Press, 19 June 1979, Page 20
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