Fisher and Paykel to sell holding
Fisher and Paykel Industries, Ltd, will sell its 43.8 per cent interest in Henderson and Pollard, Ltd, to Carter Holt Holdings, Ltd, after the latter’s offer of $3.15 a share.
“We think the offer is fair and equitable and we are inclined to accept it,” the Fisher and Paykel managing director, Mr D. D. Rowlands, said yesterday.
Henderson and Pollard directors have recommended acceptance by all shareholders of the Carter bid for the capital which Carter does not already con-, trol in the Auckland timber
company. Mr Rowlands said the offer was not effective until October 5 and acceptance would have to be confirmed by the Fisher and Paykel board on Friday.
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Press, 27 September 1983, Page 21
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118Fisher and Paykel to sell holding Press, 27 September 1983, Page 21
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