Giltrap extends date
NZPA-AAP Melbourne Giltrap Investments Pty, Ltd, has extended the closing date of its sAust2B.l million takeover offer for Lanes Motors (Holdings), Ltd. In a statement Giltrap said the offer now expires on August 26, an extension of six weeks.
Giltrap, which is owned by New Zealand businessman, Mr Colin Giltrap, is offering Aust32oc a share for Lanes’ 8.77 million shares, conditional on more than 50 per cent acceptance. A spokesman for Dominguez Barry Samuel Montagu, an investment banker which is advising Giltrap on the take-over, said the extra time was for shareholders to consider Lanes’ performance and the unlikelihood of getting a better return on their money for a long time.
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Press, 8 July 1986, Page 31
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114Giltrap extends date Press, 8 July 1986, Page 31
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