Forum Archive Index - August 2000

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

[sharechat] GPG update

From:	"David Reid" <aspex@ix.net.nz>
Date:	Thu, 24 Aug 2000 07:01:13 +1200

23.08.00 After the market closes, announces a cash offer facility to be made by Deloitte & Touche Corporate Finance on behalf of GPG Acquisitions No. 3, a wholly-owned subsidiary of GPG, to acquire the whole of the issued and to be issued ordinary share capital of Staveley Industries other than the 33,774,700 Staveley shares it already owns. The offer facility is comprised of the basic offer of 60p per Staveley share, inclusive of the special interim dividend declared by the board of Staveley on 7 August 2000, and the "ex dividend" alternative of 25.6p per Staveley share. The offer facility values the issued share capital of Staveley at approximately �69.8m on the basis of the basic offer (or �29.8m assuming all Staveley shareholders elect for the alternative).

David Reid

Messages by Date [	Next by Date:	Re: [sharechat] WNC Ian Andrews
	Previous by Date:	Re: [sharechat] Peverse NZSE Mike Hudson ]
Messages by Thread [	Next by Thread:	[sharechat] Peverse NZSE Mike Nelson
	Previous by Thread:	Re: [sharechat] CPST/FLE Warner Lamb ]
Post to the Forum [	New message	Reply to this message ]