Merger talks benefit market

Press, 9 May 1980, Page 14

Merger talks benefit market

The prospect of a merger between N.Z. Forest Products and U.E.B. continued to help the New Zealand sharemarket yesterday. U.E.B. firmed 5c to 115 c, but Forest eased 2c to 278 c. Tasman gained 4c to 288 c after trading as high as 293 c, and Wilson and Horton rose 20c to 360 c after announcing a substantially higher profit and dividend.

NATIONAL SALES

AHarvey, 5300/224. 800/225; Alliance, 1300/55. 8900/56 and conv pf, 100/50; AFCoop, 1000/272 and conv pf, 600/260, 1600/250; Allflex, 1700/112; AMBisley, 1800/230; Anßeaven, 100/108; ANZBankNZ, 16.700/215, 300/216; ABarnett, 100/187; Atlas, 3600/45; Aurora, 3000/145; Autocrat, 300/150; Ballins, 1300/76 and conv pf, 300/70; Bramßurn, 10,000/61; Brily. 400/260, 1400/257, 4300/258, 5000/255 and new, 1200/250; BHP, 100/1520; CPD, 4900/197, 200/198; CFCA. 500/212: CFM, 800/190; Capßad, 2100/395; Ceramco, 700/203, 5400/205 and conv pf, 200/100; Challenge, 7900/237, 1900/238; Chenery, 2000/120; Cityßeal, 500/34; Clyde, 1000/105; Col Motor. 500/190; CSR, 1000/645; Comalco, (200/520), 200/530; Command, 3100/130; Con Metal, 600/165; Cook Wine, 100/157, 200/160; CoryWS, 500/88; Crown, 700/215 and conv pf. '7OO/185; Cvclone, 2000/155; DalgetyNZ, 1200/210; D and K, 1500/60; DIC, 100/145 and cony pf, 800/122;

DMcLWaI, 2200/113: Domßrew,! 20,400/83,' 2800/82 and conv pf, 400/52; Donaghy, 18,700/290 and conv pf, 300/285; DunlopNZ, 600/350; Ebos, 500/97; EAdams, 200/175; FTC, 3500/111 and conv pf, 100/78; Feltex, 1500/126, 1300/127, 2800/128; Fifestone, 1000/115; F and P, 2100/223; Fletcher, 1300/392, 2700/390, 2100/395 and conv-pf, 1190/102; Goodman, ‘ 1200/225; ..GBCem, 500/51; HB. 4000/250;- Hauraki, 1500/175; HBFarm -:-conv pf, 200/145; Hawkins; 3160/65: Healing, 600/500; ft and P, '650/405 and conv pf, 1200/220; HBerry, 300/152 and conv deb, 200/245; ICINZ, 1000/198; IWDow, 200/174, 600/175; JSmith. 400/85; JEdmond. 1000/190: JBurns conv pf, 200/147; JWebster, 500/52; JRattrav. 500/190; LDNathan, 3200/202; Lion. 17,800/83. 10 p.c. conv pf, 900/78 and 12 p.c. conv pf. 100/68, 300/67; Mainzeal, 300/100; Marac, 4200/228, 400/226: McKechnie, 1200/195; Midland, 200/152: Montana, 1400/145, 3000/147: Mosgiel, 6400/54, 4000/53 and conv pf, 2200/60: Mot Holds; 7100/119; MSI, 4700/105, 2800/104 and conv pf, 400/115; MotTrad. 3000/60; MtCook. 100/168. 1000/165 and 80 conv debs,' 100/260. 100/250; Natlns. 2000/230; NZCement, 9300/108; NZFarmCp. 100/90, 1900/93, 3500/92; . NZFarmF, 600/158 and 14 p.c. conv pf, 200/138: NZFP, 39,100/278, 2200/279, 100/280; NZI, 4900/258 and conv pf, 100/150; NZLL, 400/75: NZMC. 300/140; NZNews, 100/214. 100/218: NZRefin, 10,400/99; NZSteel, 2800/186,

1100/185; Nuhaka, 600/120, and rts, 2700/20; Odlin, 2800/72, 4900/73, 25,300/74, 12.5 p.c. conv pf, 800/52 and 13 p.c. conv pf, 5100/55; Optic conv pf, 100/40; PDL, 500/105: Phillmp, 2900/101; PrintPac, 700/163, 1000/164 and conv pf, 600/142; ProgEnt, 2000/380; RadioOtago, 4000/130; Reid Farm, 1100/250; RHellaby, 4900/180 and new, 300/172; Rheem, 1100/175; Rothmans, 16,400/116; Sanford, 300/270; Skellerup, 200/295; Smithßrn, 300/138; Smithßio rts, 3800/60; SmithMkt, 6400/130; SBI, 3500/285; Steel Tube, 500/108, 1700/109; Sucklnd, 100/155; Tasman, 500/288, 500/285, 400/290, 500/284, 400/292, 400/293; Tolley, 600/80; Tour Fiji, 200/55; TNL, 2300/79, 800/78, 6600/80, 10 p.c. conv pf, 300/62 and 12 p.c. conv pf, 500/64; TptNC, 300/105 and conv pf, 100/95; Tvisn, 500/315; UEB. 500/113, 1000/114. 800/112, 13,500/115, 3600/116, 3000/118, 12 p.c. conv pf, 2300/95. 100/92, 200/93 and 15 p.c. conv pf, 9200/60; Unit Pub. 1000/185; Vacatn, 200/58 and conv pf, 1000/52; WaitakiNZ. 16,300/164, ■5200/165 and conv pf, 2800/135; Wattle, 6400/111, 14,700/110 and conv pf, 1300/67: WHortn, 1000/360; WDist, 100/95; WNeill, 2000/270 and conv pf, 1300/320; Winstone, 1400/76, ' 18.900/77, 2000/75, 2400/78 arid conv pf, 200/53, 4700/52. NZPet, 200/85.

$19,000 Chch CC, 6.25 p.c., 1.8.84 (14.5 p.c. yld.).

RISES

New Zealand

FALLS

Price var’n c c Alliance 56 1 Allflex . . 112 1 Allied Farm 272 2 Atlas 45 2 CFCA 212 9 Ceramco 205 2 Challenge 237 1 Cooks Wine . 160 5 Crown 215 5 Donaghys pf .. 285 5 FTC 111 1 Feltex > 128 2 Fisher P 223 1 Fletcher 390 5 Hallenstein 250 5 H Pollard pf . 220 5 H Berry 152 2 ICI NZ 198 1 I W-Dow** 175 1 James Smith . 85 2 J Burns pf 147 9 L D Nathan 202 2 Lion Brew 10 pc pf 78 1 Marac .. 228 1 Montana 147 2 Mosgiel 54 1 Mtr Holds 119 1 Nat Ins 230 3 NZ Farm Cp . 92 9 NZ Ins 258 1 NZ News 218 3 Odlins 74 9 Print Pack 164 1 Rothmans > ■ 116 1 S Brown .. 138 3 Steel Tube 109 1 Tasman 288 4 Tolley 80 5

TNL Grp ■ .. 80 2 UEB 115 5 12 pc pf 95 2 Vacation 12 pc pf 52 2 Wattie 110 1 W Horton .360 20 Winstone 77 1 Overseas CSR 645 5 Comalco 530 30

New Zealand Allied Farm pf .. ’rice 250 var’n 10 A Barnett 187 3 Aurora .145 1 CPD 197 1 Cap Radio 395 5 DIC* 145 1 pf 122 3 D Wallace 113 1 GB Cement 51 1 H Berry deb 245 5 Lion Brew 12 pc pf 67 1 MSI Corp 105 1 pf 115 3 Mt Cook 165 3 NZ Forest 278 *> NZLL 75 1 NZ Refining 99 1 R W Hellaby new 172 13 Sanford 270 5 Skellerup 295 5 Vacation 58 2 Waitaki NZR pf 135 1 NZ Petroleum .. 85 5 * ex dividend t ex bonus