Brokers in $19.1M sale?
PA Wellington Auckland brokers Morrow and Benjamin, who last month bought 5 million Fletcher Challenge, Ltd, shares in a stand on the market, were understood to be the sellers of 4.6 million FCL shares yesterday.
The shares were sold at 415 c each for a total of about $19.1 million in an Auckland sale. FCL’s corporate affairs director, Mr Geoff Whitcher, said he understood that Morrow and Benjamin was associated with yesterday’s sale and had been sellers of FCL
shares over the past week. But he knew nothing more about the sale, which represented less than 1 per cent of FCL’s issued capital. A Morrow and Benjamin partner, Mr Rod Morrow, declined to comment on the sale.
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Press, 23 July 1986, Page 39
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121Brokers in $19.1M sale? Press, 23 July 1986, Page 39
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