By Phil Boeyen, ShareChat Business News Editor
Monday 13th November 2000
|Text too small?|
The company says it has received commitments for all $75 million of the notes reserved for firm allocation by NZSE member clients. It has also received an excess of applications from the public pool to take up another $50 million of the notes, including over-subscriptions of $25 million.
Montana is using the capital notes issue to fund the purchase of Corbans.
At the company's AGM on Friday shareholders approved a special resolution to provide the group's bankers with guarantees that enabled the acquisition of Corbans to be completed that day.
Montana is expected to make a further announcement on the notes issue tomorrow.
NOTE: please be advised to read full articles from Business Desk Website, you will have to pay a subscription fee on their website.
No comments yet
Allied mops up Montana
Allied gets Montana green light
Lion Nathan sells to Allied
New Allied bid recommended
Lion Nathan seeks High Court review
Lion retreats from latest Montana bid
August hearing for Allied Domecq
Lion's Montana selldown found wanting
Montana shareholders told to hang fire
Panel stops Lion in its tracks