NZSE asked to probe Montana trading

Montana said it had received a formal complaint from Allied Domecq that Lion bought shares prior to the expiry of an exchange notice period on Friday, February 9.

Lion has maintained it bought key institutional shareholdings in Montana, taking its holding to 46.46% from a previous 28.27%, only after the notice period expired.

Lion secured a controlling 51% stake in Montana with a %4.65 share partial bid that trumped a full takeover offer from UK drinks firm Allied Domecq.

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