Lion bid progress
PA i I I Wellington i Hi - i' ' I Lion Corp: has made! further progress in its takeover offer for L., D. Nathan; and Co., achieving entitlement to more than 81 per cent of that company’s issued capital, ; Lion said yesterday it had received acceptances from more | than 4400 Nathan shareholders. I! I • I It has offered a swap 'of one Lion share.,, for each
Nathan share held by shareholders other than Fay Richwhite and Co., which sold a 35 per cent I stake in . Nathans to Lion at 920 c 'a share. |' : i, ;'. ; Acceptances include that 35 per cent holding. The Stock Exchange granted Lion a waiver from the takeover code if Lion obtained a majority of acceptances from shareholders other than Fay Richwhite.
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Press, 23 March 1988, Page 36
Word Count
128Lion bid progress Press, 23 March 1988, Page 36
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