Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Lion Nathan In Breach Of Standing Committee

For Immediate Release July 5, 2001


ALLIED DOMECQ ALLEGES
LION NATHAN IN BREACH OF STANDING COMMITTEE DECISION


Allied Domecq plc (“Allied”) and its advisers view the proposed sale of 19 percent of securities in Montana by Lion Nathan as a breach of the decision by the Standing Committee.

The sale of the 19 percent is inextricably linked with the new takeover offer to shareholders for 11 percent at $5.50. Lion Nathan’s announcement and subsequent comments in the media say as much.

Allied has raised this issue with the Market Surveillance Panel and requested that the Standing Committee meet urgently to rule on whether Lion Nathan has breached the Standing Committee’s decision.

For further information, please contact:

Jane Mussared Allied Domecq (Auckland) +44 7880 783532
Anthony Cardew Cardew & Co. (London) +44 20 7930 0777

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.