Newmans offer extended
Anville Holdings, a wholly-owned subsidiary of Corporate Investments, is extending until August 18 its offer for Newmans Group. Anville told the Stock Exchange that although it now has acceptances in respect of 95.9% of Newmans ordinary shares and could proceed to compulsory acquisition, “there are still approximately 1300 shareholders who have not accepted the offer.” The offer is $1.40 cash for each Newmans share or 30c plus four fully paid Corporate Investments shares for every five Newmans shares.
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Press, 28 July 1989, Page 14
Word Count
81Newmans offer extended Press, 28 July 1989, Page 14
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