Forum Archive Index - April 2000

[Sarah Corkill <Sarah.Corkill@directbroking.co.nz>]

FYI - announcement released:

ABN Amro has advised the Exchange that it has this morning acquired
37,520,000 B ordinary shares in Air NZ (approximately 6.6% of the total
issued shares), and that it will be standing in the market on behalf of
Singapore Airlines for 9,583,632 B ordinary shares on the following terms:
The price is NZ$3.00
Offers below $3.00 will not be accepted.
No higher price than $3.00 will be offered.
The offer will close at 10.30am on 11/04/2000.
Purchases will be on a pro rata basis, with preference being given to
shareholders offering parcels for sale of up to 5,000 B ordinary shares.
No offers to sell for undisclosed numbers will be accepted.

-----Original Message-----
From: Chris Darby [mailto:darby@ak.planet.gen.nz]
Sent: Tuesday, 11 April 2000 09:56
To: sharechat
Subject: [sharechat] AIRVB & BRY



Strong rumour this morning that major broker will stand in the market on 
behalf of SIA for AIRVBs at not more than 300c.  Exact price was to be 
set at 0900.

Suggest readers exit at this and also exit AIRVA and BRY on upswing 
response.

AIRVB up at 278 now but trading halt imposed.

Chris

 

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