Goodman fee restructure support just a few votes off 100% – Mint reduces NPT stake – Zero Commission makes 2 new lowball offers
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.
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% […]
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 […]