NZSB buying
New Zealand South British Group, Ltd, has increased its holding in Capital Life Assurance, Ltd, from 10.7 per cent to 69.5 per cent after buying 735,403 Capital Life shares at 350 c ex dividend.
NZSB announced on Friday that it was making a take-over offer for all the Capital Life shares it did not own at a price of 350 c a share ex dividend.
Both the acquisition of the 735,403 shares and the offer for the balance of the shares is subject to approval from the Examiner of Commercial Practices.
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Bibliographic details
Press, 12 April 1984, Page 26
Word Count
93NZSB buying Press, 12 April 1984, Page 26
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