CHAIN STORE MERGER
Approved By Shareholders PA WELLINGTON, May 13. The directors of Woolworths, Ltd., and Woolworths (New Zealand), Ltd., have announced that as the holders of over 1,000,000 shares (which figure is in excess of 75 per cent.) of the 1.280.000 ordinary shares in Macduffs, Ltd., have accepted the terms of the agreement entered into between these companies, they will now complete the merger proposal. The announcement, which was made today by Mr F. H. Giles, manager for New Zealand of Woolworths (NZ), Ltd., added that the balance of the shareholders had until May 26 to accept the terms of the agreement, failing which they would oe automatically excluded from the benefits offering.
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Bibliographic details
Otago Daily Times, Issue 27389, 15 May 1950, Page 8
Word Count
114CHAIN STORE MERGER Otago Daily Times, Issue 27389, 15 May 1950, Page 8
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