Tower bidder must pay at least $1.40 a share, chairman says
Annual meeting hears insurer may need to raise capital during protracted takeover process.
Tower chairman Michael Stiassny says a successful takeover bidder will need to pay at least $1.40 a share.
The insurer is the target of competing bids from Canada’s Fairfax Financial and Australia-based Suncorp, with the latter’s conditional proposal of $1.30 clouded by its purchase of stock on
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Tim Hunter
Thu, 30 Mar 2017
Thu, 30 Mar 2017
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Tower bidder must pay at least $1.40 a share, chairman says
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