E’corp bid ‘correct’
NZPA-AAP London. Equiticorp Holdings has refuted a defence document issued by Guinness Peat Group Pic and maintains UOp is the correct price for its bid for the United Kingdom financial services group. “The profit forecast of £3O million for 1987 is disappointing because the 1986 profit of £lB million included no contribution from ForstmannLeff Associates Inc, purchased last year,” the New Zealand company said. And Equiticorp has had its plans for an advertisement in the Times newspaper blocked by the Takeover Panel because it was felt the advertisement had a direct bearing on the take-over offer for Guinness Peat
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Press, 12 September 1987, Page 32
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102E’corp bid ‘correct’ Press, 12 September 1987, Page 32
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