‘Don’t sell’ notices
PA ■ Wellington Two companies — Yates and AM Risley’s have issued “don’t sell” notices.
The directors of Yates Corporation, Ltd, directors have advised shareholders not to sell their shares to Equiticorp Holdings, Ltd until the board further considers the price offered.
The directors said in a statement yesterday that they accepted the rationale behind Emnticorp’s take-over offer. They expected to complete their deliberations on the price early in January. Equiticorp said on Friday it would swap three Equiticorp ordinary shares for seven Yates ordinary shares, and seven Equiticorp ordinary shares for 10 Yates preference shares.
A. M. Bisley and Company, Ltd, directors have also recommended that shareholders do not sell to Equiticorp Holdings, Ltd, which announced a take-over bid on Friday. The Bisley directors said they proposed to make a further recommendation early in January.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19851224.2.131.6
Bibliographic details
Press, 24 December 1985, Page 18
Word Count
137‘Don’t sell’ notices Press, 24 December 1985, Page 18
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