Suckling’s accepts
Brierley Investments, Ltd, has increased its offer for all the shares in Suckling Industries, Ltd, the Christchurch footwear manufacturer, from 250 c to 300 c cash a share.
The chairman of Suckling Industries, Mr B. N. Perry, said last night that after discussions between the Suckling’s directors and Brierley’s, Brierley’s had agreed to the increase and had also given assurances that Brierley’s would con-
tinue to manufacture and distribute footwear through the Suckling’s group. The Suckling’s directors recommend that shareholders accept the offer, and say that they will be accepting in respect of their own shareholdings. Mr Perry said that the decision had been made in spite of the Suckling’s directors’ knowledge of speculative buying of the company’s shares over the last few days.
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Press, 10 December 1983, Page 24
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126Suckling’s accepts Press, 10 December 1983, Page 24
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