Rainbow approval
PA Auckland Jedi Corporation, Ltd, yesterday received approval from the Commerce Commission to raise its holding in Rainbow Corporation, Ltd, to 50 per cent. The proposed move was made public in late February when Jedi bought a special parcel of 523,000 Rainbow shares at 130 c each. Jedi told the Stock Exchange it had already bought an additional 13.5 per cent of Rainbow’s capital, bringing its holding to 33.5 per cent. Rainbow Corporation has a paid capital of $2,500,000 in 12,500,000 shares of 20c each.
The managing director of Jedi, Mr John Tapper, said the company had no im : mediate intention of accumulating more Rainbow shares. It would make acquisitions “when suitable opportunities arise.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850313.2.156.9
Bibliographic details
Press, 13 March 1985, Page 36
Word Count
116Rainbow approval Press, 13 March 1985, Page 36
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