Leisureland ‘don’t sell’
PA Wellington Leisureland Corp directors have issued a “don't sell” notice after receiving a takeover offer from Greater Capital Investment Co., of California.
Greater Capital's bid for, 100 per cent of Leisureland’s’ issued share capital offered a combination of five and 10year interest-bearing deben-’ ture stock in a new company to be formed, and equated to an offer of 73.25 c a share,Leisureland's chairman, Mr' John St Clair Brown, said yesterday. It expires on January 31. ’ The offer is conditional on' 90 per cent acceptance and consent from the Commerce* Commission and Overseas In-, vestment Commission.
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Press, 24 December 1988, Page 20
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99Leisureland ‘don’t sell’ Press, 24 December 1988, Page 20
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