Published 18 June 2006
Highlander Trusts Ltd (Donald MacLachlan, Wellington) held 80.3% of Evergreen Forests Ltd on Friday, after making a takeover offer at 33c/share on 22 May.
Highlander entered into agreements on 4 May to acquire 57.5% the cashed-up shell of the listed forestry company at 33c/share.
The offer closes on Wednesday 21 June.
6 June 2006: Evergreen directors recommend Highlander bid
26 May 2006: Highlander has 57.5% of cashed-up Evergreen shell
Attribution: Company statement, story written by Bob Dey for this website.