Scoop has an Ethical Paywall
Stock & Share Trading – another low ball offer
Stock & Share Trading – another low ball offer dated 6 November 2012
TOWER Limited (TOWER) has again been
advised that Stock & Share Trading Company Pty Limited
(Stock & Share Trading) has written to some TOWER
shareholders, letter dated 6 November 2012, offering to buy
TOWER shares for $1.00 per share. The price offered of $1.00
per share is a substantial discount to the current market
price of TOWER shares. The market price of TOWER shares on
the NZX was $1.92 per share at close of trading last week.
TOWER understands that Stock & Share Trading is an
Australian company, whose sole director and shareholder is
John Armour.
Should you as a TOWER shareholder
receive such an offer, TOWER strongly recommends that you
seek independent advice and check the most recent market
price for TOWER shares on the NZX.
Ends
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
