FCL buys more BCFP
PA Wellington Fletcher Challenge said yesterday that through onmarket purchases it had increased its holding in British Columbia Forest Products, Ltd, to 49.9 per cent.
These purchases were made by a subsidiary, Fletcher Challenge Investments (Canada), Ltd,
which bought through the Toronto Stock Exchange 1482 million shares at an average price of $18.87. This move is in accordance with the provision of the takeover bid currently being made by Fletcher Challenge Investments and brings the total number of shares held by it to 28,792,546.
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Press, 3 December 1987, Page 33
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88FCL buys more BCFP Press, 3 December 1987, Page 33
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