Manawatu bid
The private Auckland investment company, Merchant Funds, Ltd, has advised that its first-come-first-served offer for 120,000 shares in Manawatu Radio, Ltd will close at 4 p.m. tomorrow. Any acceptances received post-stamped after that time will be returned to shareholders. Merchant Funds is offering 90c a share for the 19.5 per cent stake in Manawatu Radio. Mr R. B. Wilson, the chairman of Merchant Funds, said response to the offer had been gratifying, and acceptances already received and “others in the pipeline” would make the company the largest shareholder in Manawatu Radio.
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Press, 24 September 1983, Page 21
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93Manawatu bid Press, 24 September 1983, Page 21
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