Change in bid
PA Wellington NZI Corporation, Ltd, has announced changes to the original terms of its .take-over offer for Perthbased Broadlands, Ltd. NZI managing director, Mr David Chalmers, said a subsidiary, NZI Finance Australia Pty, Ltd, had registered a part A statement with the Corporate Affairs Commission in Perth and served the statement on Broadlands. NZI is now offering either 12 of its fully-paid shares for every five fully-paid Broadlands shares, or payment of sAust2.Bo for each Broadlands share. .....
X Originally NZI offered, two 7 shares plus AustlOc for each Broadlands share. . l.
The NZI Corp shares issued under the offer will not participate in the forthcoming one-for-10 rights issue, but will rank equally in other respects. NZI expects the takeover offers to be mailed to Broadlands shareholders by March 6.
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Press, 20 February 1986, Page 25
Word Count
132Change in bid Press, 20 February 1986, Page 25
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