Wednesday 9th June 2004 |
Text too small? |
He has told shareholders that "H & G is in this for the long haul". The company and certain of its associates already control about 35% of Rural Equities.
Cushing has held out the prospect that it may increase its offer from the current price of $1.25 share and says shareholders who have already accepted the offer will be paid the higher price.
If it succeeds with its partial offer H & G will end up owning 40.8% of the company, but with its associates will control it with 50.1%.
Rural Equities was split off from Hawkes Bay rural services firm Williams and Kettle earlier this year. It manages the New Zealand Rural Property Trust and also owns 32% of the Trust.
No comments yet
Devon Funds Morning Note - 06 May 2024
EROAD FY24 Results and Webinar Details
thl reduces FY24 NPAT guidance
May 6th Morning Report
Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change