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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

ARG - Leasing and Development Update
MCK - Letter to MCK Shareholders - takeover offer update
February 11th Morning Report
Devon Funds 2025 Predictions
Synlait HY25 results date and conference call details
CVT - Update on Accounting Irregularities
Tower Updates FY25 Guidance
February 5th Morning Report
MEL - Tauhei Solar Farm Power Purchase Agreement
TRU - TruScreen Appoints Indonesian Distributor