Forum Archive Index - August 2000

["Wedde, John" <john.wedde@cit.ac.nz>]

Is the timing of this announcement, just before the "top secret" Advantage
meeting, coincidental?
A long shot I'm sure, but I'm very keen to hear of the proceedings at the
Avantage meeting.
 
Disc:
Hold Adv.
Bought and sold Lib recently on large % price fluctuations and did very
well. Currently no holding.

-----Original Message-----
From: Geoff Ewert [mailto:gewert@wai.quik.co.nz]
Sent: Wednesday, 9 August 2000 07:16
To: sharechat@sharechat.co.nz
Subject: [sharechat] LIB-1 (chatters intrest)?





LibertyOne Takeover Falls Through

August 8, 2000 

Internet concern, LibertyOne Ltd (LIB) today issued a statement declaring
the proposed takeover by CyberSentry Inc. has fallen through. 

The company said: "CyberSentry, Inc. (AMEX:CYR) confirmed today that it has
been unable to receive board approval for its offer for LibertyOne and
consequently cannot proceed pursuant to the terms of the offer. The offer
required that the LibertyOne Limited Board of Directors approve the offer
prior to its distribution to shareholders." 

Last week, the company said Chinese Books CyberStore was place into
liquidation. LIB paid 14.5 million shares for a 25% interest in the company.


LIB is trading at 22 cent as at 1555 AEST. 



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