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Investment
2 mins to read

Tower in trading halt as Bain Capital sniffs for offers

The 19.9% shareholder supported an ownership review last year.

Jonathan Mitchell Mon, 31 Mar 2025

Listed insurance company Tower is in a trading halt because almost 20% shareholder Bain Capital proposes to sell its stake.

The announcement was made this morning and NZ RegCo approved the trading halt. Bain Capital owns or controls 68,306,802 shares in Tower, equivalent to 19.9% shares.

Tower chair

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Jonathan Mitchell Mon, 31 Mar 2025
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Price
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Avg Daily Volume
Daily High
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52 Week High
52 Week Low
Related News
Investment

Tower shareholders overwhelmingly approve $45m capital return

Investment

Tower upgrades underlying profit outlook
Investment

Tower bounces back to profit after healthy year
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Business as usual: Tower ends strategic review
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Tower's considerable change leads to considerable upside: Craigs
Tower in trading halt as Bain Capital sniffs for offers
Investment,
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