Pacer into Kerridge
PA Wellington Pacer Pacific Corp, Ltd, has brought a St per cent shareholding in the entertainment company, Kerridge Odeen Corp, Ltd, from the . Britishbased Rank Organisation. Pacer’s chairman, Mr David Phillips, said last evening the purchase, for an undisclosed sum, was his company’s most significant move since floating four years ago as National Bloodstock, Ltd. The other 50 per cent of Kerridge, Odeon is
owned equally by teterests of the Kerridge and the Williams liesMr Phillips, said an announcement on specific plans to develop Kerridge Odeon would be made later. r Because Pacer had I million shares, bri issue, any of its shareholders with 2 per cent of those would now have, through Pacer scrip, an indirect 1 per cent Ownership share in Kerridge Odeon, he said. . The deal is subject to Commerce Commission consent
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Bibliographic details
Press, 20 May 1987, Page 37
Word Count
138Pacer into Kerridge Press, 20 May 1987, Page 37
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