A LEVER DEAL.
MILLIONS INVOLVED. A provisional agreement has been signed for the acquisition by Lever Brothers of the British Oil and' Cake Mills, which has an issued capital of £3,327,651. All the company’s ordinary shares (£2,584,548) are to be converted into 10 per cent cumulative preferred ordinary shares, with a right to participate up to a further 2) per cent when the profits permit. It will receive £1,750,000 20 per cent “A”/cumulative preferred ordinary shares in Lever .Brothers, and the great soap firm will receive £3.500.000 ordinary shares of the British Oil and Cake Mills.
The total-issued capital of the Oil and Cake Mills will thus be raised to .£6.827,651. and this vast undertaking will pass to the control of I,ever Bros., whose issued share capital is already £58.627,545.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19250727.2.34
Bibliographic details
Hawera Star, Volume XLV, 27 July 1925, Page 5
Word Count
130A LEVER DEAL. Hawera Star, Volume XLV, 27 July 1925, Page 5
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