NZFP criticism
A former managing director of N.Z. Forest Products, Ltd, Mr A. W. Mackney, is critical of the way that the company has kept its shareholders informed of the bid for Wattie Industries, Ltd.
Mr Mackney, who was managing director of NZFP from 1973 until 1978, said that NZFP had never really spelled out the benefits to its shareholders of the proposed take-over of Wattie’s. . ... . Yet the shareholders were the owners of the company, for whom the directors worked, he said.
An NZFP company spokesman said: “Negotiations are still going on between the parties. No formal move has been made at this stage to provide the New Zealand stock exchange with a statement.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840217.2.75.2
Bibliographic details
Press, 17 February 1984, Page 9
Word Count
114NZFP criticism Press, 17 February 1984, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in