Forum Archive Index - October 1999

[Chris Marshall <Chris.Marshall@directories.co.nz>]

Interesting - they have just enough shares to block compulsory acquisition.
Looks like a spoiling move OR they are greedy for an even better price than
that offered.

> -----Original Message-----
> From: Mark Hubbard [SMTP:mhubbard@es.co.nz]
> Sent: Friday, 15 October 1999 2:33
> To:   sharechat@sharechat.co.nz
> Subject:      [sharechat] Kiwi Income Property Trust
> 
> This company has purchased a 10.5% stake in Shortland, and is stating it
> will not accept the Capital Properties offer. In what possible ways can
> Kiwi
> (who also wants to purchase the company) gain from this situation? If
> Capital Properties is successful in securing Shortland, what are the
> negative implications for Kiwi? I think that they paid less for their
> shareholding than the Cap. Prop. offer price, so surely they are looking
> at
> gain either way?
> 
> 
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