Entregrowth still in
NZPA-Reuter New York Entregrowth International, Ltd, a subsidiary of Chase Corporation, Ltd, of New Zealand, said it expected to launch a new offer for Stand-: ard Brands Paint Company I within 10 days. Earlier this week Standard Brands rejected a SUS3OBM take-over offer from Entregrowth, saying the bid was unrealistic and reflected no understanding of its basic business of making and distributing paint, mainly on the West Coast of the United States. The Entregrowth proposal was for SUS2I a share in cash and SUS 7 in notes, giv-
ing a total value of $2B. Entregrowth’s chairman, Mr Seph Glew, said the company was working with Citicorp to submit a fully-fin-anced tender offer.
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Press, 1 August 1987, Page 27
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115Entregrowth still in Press, 1 August 1987, Page 27
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