Tower in ‘interesting situation full of uncertainties’
Tower has told the Commerce Commission if the Suncorp deal fails there is no other bidder in the wings.
Fund managers ACC and Salt have been left pondering their collective holdings of 30.5 million unsold Tower shares after the failure of two takeover bids for the insurer.
The two had hitched their wagons to a $1.17 a share offer from Canada’s Fairfax Financial in early February, agreeing to vote
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Tim Hunter
Mon, 07 Aug 2017
Mon, 07 Aug 2017
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Tower in ‘interesting situation full of uncertainties’
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