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BRIEF-Tower says Suncorp's stake in Tower now reached 19.99 pct
2017年3月14日 / 晚上8点24分 / 6 个月前

BRIEF-Tower says Suncorp's stake in Tower now reached 19.99 pct

March 15 (Reuters) - Tower Ltd:

* 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 Source text for Eikon: Further company coverage:

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