C. Holt to take holding in AHI
PA Wellington ACI International and Carter Holt Holdings, Ltd, have reached an understanding in principle on Carter Holt acquiring ACl’s holding in Alex Harvey Industries, Ltd. This was announced by Carter Holt’s executive chairman, Mr Richard Carter. He said the details were still to be completed and were subject to regulatory approvals in New Zealand and Australia. Further information would be given as soon as possible.
Carter Holt received Commerce Commission approval last week for its bid to take over Alex Harvey.
Carter Holt offered 365 c cash for each AHI share or one Carter Holt share plus 45c cash. The offer was due to close around the end of this week. Australian-based ACI is AHl’s major shareholder.
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Press, 16 May 1985, Page 30
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125C. Holt to take holding in AHI Press, 16 May 1985, Page 30
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