Bidder identified
The directors of Walker and Hall (NZ), Limited, announced yesterday that the offer for the shares of the company is a consortium of investors headed by Mr C. J. Todd of Auckland. Walker and Hall’s traditional activities will continue, but there are plans to
move into financial services in the future.
Because of the possibility of conflict of business interest, Mr D. Betting has resigned, and Mr C. J. Todd
has been appointed to replace him. Last week an unnamed party, now identified, completed the purchase of a 40 per cent interest in Walker and Hall at 600 c a share — for a total outlav of $660,000
The Walker and Hall board had earlier said that
they considered the price fair, and that some directors had sold their shares to the investor consortium.
Permanent link to this item
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Bibliographic details
Press, 14 June 1984, Page 28
Word Count
135Bidder identified Press, 14 June 1984, Page 28
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