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[sharechat] fletcher challenge breakup & sale


From: "Malcolm Cameron" <malcolm@cameron.gen.nz>
Date: Mon, 5 Feb 2001 13:26:47 +1000


what are small shareholders changes of approving the fletcher challenge
breakup but stopping the sale of fletcher energy. forcing them to make it a
seperate entity too. then it would be  subject to normal takeover offers or
be able to sell assets or buy assets as normal. i think there acceptance of
an offer in us dollars without fixing the exchange rate into new zealand
dollars was very detrimental to new zealand share holders
disclosure i live in australia but approx 99% of shares are nzse shares
because i havenot found a broker in australia as good as access in new
zealand i own shares in all three fletcher challenge divisions.
would appreciate comment from other sharechatters
malcolm cameron



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