ASTEC bid up
Karanu Holdings, a subsidiary of ASEA Holdings N.Z., which is part of the large Swedish corporation, ASEA, has increased its take-over offer for ASEA Tolley Electric Company (ASTEC). The new offer is 140 c for each 100 c ASTEC
share, compared with 125 c a share made last month. The ASTEC directors have withdrawn their “don’t sell” notice, and have recommended that shareholders accept the new offer.
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Bibliographic details
Press, 9 October 1987, Page 17
Word Count
70ASTEC bid up Press, 9 October 1987, Page 17
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