March 15 (Reuters) - Tower Ltd (TWR) :
- Understands that Suncorp Group Limited's stake in tower has now reached 19.99% of shares
- Originally received a non-binding proposal for 100% of tower shares at $1.30 per share from Suncorp Group on 22 february
- Board's advice to shareholders remained unchanged
- Will be asking suncorp to advise whether it intends to employ differential pricing in its proposal
- "it is unclear whether $1.40 per share will be available for all tower shareholders"
- board also continues to closely engage with Fairfax in relation to previously announced scheme and other transaction possibilities
News: SUN Tower says Suncorp's stake in Tower now reached 19.99 pct
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