Goodman fee restructure support just a few votes off 100% – Mint reduces NPT stake – Zero Commission makes 2 new lowball offers
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Ex-Macquarie duo’s Foundation buys Tower Life
Tower Ltd has turned round from its position 6 months ago and sold its remaining life insurance business, Tower Life (NZ) Ltd, to Foundation Life (NZ) Holdings Ltd, subject to conditions including regulatory approvals.
Read more →Tower considers proposals and Falconer makes way for new leader
Published 13 September 2012 Tower Ltd today said today it was considering a number of proposals with interested parties after completing its strategic review. The shares lost 5c after the announcement. They’d got down to $1.76 on 5 September but had climbed to $1.85 yesterday. Asset backing is 1.48/share. Guinness Peat Group plc holds 34.988% […]
Read more →Tower issue heavily oversubscribed
Published 27 September 2009 Tower Ltd’s rights issue closed 47% oversubscribed on 23 September. Group managing director Rob Flannagan said total applications of $119.85 million, but the maximum offer amount of $81.3 million of shares would be issued. The new shares are expected to be issued on Monday 28 September. Mr Flanagan said the takeup […]
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