Bell Res. cashed up
NZPA-AAP Perth Bell Resources was cashing up and looking for opportunities, a spokesman for Robert Holmes a Court said. He said the sale of half of Bell’s stake in Texaco was in line with the group’s drive for. cash, in spite of the S92M pre-tax loss resulting from the sale. “We are now in the position we would have been if Merrill Lynch had proceeded with the underwriting agreement for our SIB convertible note issue,” the spokesman said. The U.S. investment house cancelled the underwriting agreement soon after the sharemarket crash.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19871207.2.128.4
Bibliographic details
Press, 7 December 1987, Page 33
Word Count
95Bell Res. cashed up Press, 7 December 1987, Page 33
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in