By Phil Boeyen, ShareChat Business News Editor
|
Monday 30th July 2001 |
Text too small? |
Mr Meier was one of the people who helped to set up the company and has been acting CEO since earlier this year.
National Mail raised nearly $13 million when it floated last year, issuing shares at $1.25, but failed in a bid to tackle New Zealand Post and closed down its core distribution business in December.
Paul Meier has provided notice that he intends to acquire all the rest of the shares in the company he doesn't already hold.
According to the notice the offer will open on August 10 and remain open for one month. It needs to be declared unconditional by September 21 or it will lapse.
It is conditional on Mr Meier holding 70% of the company by the end of the offer period.
Paul Meier is often described as a New Zealand direct marketing guru. He helped found the highly successful TV marketing business Prestige Marketing before selling it to US infomercial company National Media.
No comments yet
