Go-ahead for Harlin bid
NZPA-AAP Sydney The chairman of Elders IXL, Mr John Elliott, has confirmed that Harlin Holdings intends to proceed with an on-market takeover offer for Elders pitched at sAust3 a share. Mr Elliott, who controls Harlin along with a group of senior Elders executives and AFP Group, had
promised the offer, subject to finance, would be made before a shareholders’ meeting to be held on July 27.
He said Harlin would definitely make a Part C offer at $3 a share for all the shares in Elders it did not already own.
Elders is Australia’s second largest company
based on a market capitalisation of $Au5t7274.21 million ($NZ9428.66M), behind the big Australian, BHP.
The proposed C on-mar-ket bid for the brewing, pastoral and finance giant is conditional on approval from the National Companies and Securities Commission.
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Press, 26 July 1989, Page 32
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138Go-ahead for Harlin bid Press, 26 July 1989, Page 32
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