Talks off
The directors of Atlas Majestic Industries. Ltd, and Hauraki Enterprises, Ltd, told the Stock Exchange yesterday that merger discussions which had been taking place oyer the last few days had been terminated. The directors would not comment further.
In accord with the listing requirements of the Stock Exchange Association Atlas Majestic Industries advises that it has purchased 580,000 shares in Hauraki Enterprises, Ltd, at a price of 135 c a share. The 580,000 shares acquired represent 14.9 per cent of the issued share capital of Hauraki Enterprises.
Hauraki shares yesterday fell 15c to 125 c; Atlas shares were not traded.
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Press, 10 February 1982, Page 22
Word Count
102Talks off Press, 10 February 1982, Page 22
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