Friday 16th February 2001 |
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August 2000: Lion raises stake to 28%
November 2000: Lion files notice of restricted transfer (NRT) indicating its intention to lift its stake to 51% at prices between $3.20 and $3.80.
December 3, 2000: Peter Masfen files NRT - same stake, same prices.
December 8, 2000: Commerce Commission clears Lion to buy 100%.
Mid-December 2000: ANZ Corporate Finance approaches Allied Domecq with Montana investment proposal, introduces Allied to Peter Masfen.
Wednesday, February 7, 2001, 4.39pm: Allied Domecq subsidiary Millstream Equities files NRT - 100% of Montana at $4.40 a share. Can buy shares on Friday.
Thursday, February 8:
Friday, February 8
12.21pm: Montana independent directors say market surveillance panel won't revoke waiver. They "understand" Millstream would have counter-bid against Lion's latest offer.
Monday, February 12: Lion stands in the market for 5000 shares from each Montana shareholder at $4.65 a share. Secures 51% and control.
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