Thursday, 31 March 2005, 5:08 pm Press Release: Tenon
CHH And Tenon Agree To Defer Transaction Completion
Auckland, 31 March 2005 - Carter Holt Harvey Limited and
Tenon Limited advise that they have agreed to defer
completion of the sale and purchase of Tenon’s Structural
business by one month.
The transaction was previously
scheduled to complete today. The parties have taken the
decision to defer completion in order to address certain
operational issues to allow for a smooth transition of the
business.
Both parties remain confident that the
transaction will complete by the end of April 2005.
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