Maling bidders
Two great grandsons of the original founder of Maling and Company, and Meadow Mushrooms, Ltd, part-owned by the M.P. for Fendalton, Mr Burdon, are the third party interested in buying Maiing’s. They are the only group to have a bid actually on the market, because Mr Sam Maling, the Christchurch barrister, said that their offer of $7.55 a share had been sent to Maiing’s shareholders yesterday. As reported yesterday, Tauras Corporation, Ltd, an unlisted Dunedinbased public company made up of 300 shareholders from the clients of Forsyth, Barr and Company, the Dunedin sharebroker, gave notice of intent to launch an $8 a share take-over bid for the 225,000 Maiing’s shares.
A bid launched by Mainstay Properties, Ltd, before Christmas for Maiing’s lapsed earlier this month because of insufficient acceptances. Mainstay is considering making another offer. Mr Maling said that he and his brother, Dr Tom Maling, a Christchurch radiologist, had a great sympathy for the firm because of the connection with the founder, Mr Thomas James Maling, who started the firm in 1873, but the group’s bld was made purely on a commercial basis.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860131.2.93.8
Bibliographic details
Press, 31 January 1986, Page 10
Word Count
186Maling bidders Press, 31 January 1986, Page 10
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