Feb 22 (Reuters) - Tower Ltd (TWR) :
- Tower notes Suncorp unsolicited off-market share offer
- Suncorp Group acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower
- Offer at a fixed price of NZ$1.30 per share, with a view to escalating the offer to 100% of all shares
- Board also reiterated that Tower insurance policies and the rights of policy holders remain unaffected
- All policies and rights will remain with Tower Insurance Limited in event of a change in ownership of Tower Limited
- Tower Chairman Michael Stiassny says board's advice to shareholders was to seek advice and not to sell their shares until board had fully reviewed offer
News: SUN Tower notes Suncorp unsolicited off-market share offer
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Last
$19.59 |
Change
-0.040(0.20%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.75 | $19.85 | $19.59 | $57.63M | 3.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 399 | $19.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.60 | 7000 | 2 |
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| SUN (ASX) Chart |
