Lion bid declined
Legal moves challenging the validity of the Lion Corporation — L. D. Nathan merger have been brought forward to April 18. Minority Lion shareholder, Malayan Breweries, is challenging the validity of an 1 extraordinary general meeting authorising the merger in the High Court and the hearing was due to have been heard on April 26. In a counter move Lion Corporation applied to the High Court to have the Malayan Breweries application struck out and that application was to have been heard in Auckland today. However, an application from Lion for an adjournment to today’s hearing was opposed by Malayan Breweries and Lion is not proceeding with its application. The i application by Malayan Breweries challenging the merger will start in the High Court, Auckland, on April 18.
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Press, 13 April 1988, Page 33
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130Lion bid declined Press, 13 April 1988, Page 33
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