Argus notice
Argus Questar Corp directors have advised Argus shareholders not to sell their shares pending a further announcement from them. The Auckland-based leisure and property company has advised the Stock Exchange it had received a takeover offer for all its 50c fully paid ordinary shares from Watstone Ninety Five, Ltd, a company associated with senior management of the group. It said that Watstone had offered 20c cash for each of the shares. The offer was conditional on Watstone receiving acceptances of not less than 90 per cent of the shares sought under the takeover offer or fewer as may be determined by Watstone.
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Bibliographic details
Press, 9 November 1988, Page 45
Word Count
104Argus notice Press, 9 November 1988, Page 45
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