Charter bid
An Auckland sharebroker, Morrow and Benjamin, acting on behalf of Charter Corporation in its bid to take 100 per cent of Kiwifruit Industries, Ltd, has implemented an escalation clause in the take-over offer. Charter is at present offering 65c for each Kiwifruit share and the clause, which expires in three months, means those who sell their Kiwifruit shares through Morrow and Benjamin will be compensated if the price rises above 65c.
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Bibliographic details
Press, 5 July 1985, Page 13
Word Count
73Charter bid Press, 5 July 1985, Page 13
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Acknowledgements
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