Tower raises capital but takeover still a prospect
Insurer eyes return of dividends next year.
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After spending $3.5 million on abortive transactions with Suncorp and Fairfax Financial, insurer Tower could yet be the target of a further takeover bid.
In announcing its results for the year to September this morning, Tower confirmed a one for one rights issue to raise $70.8 million at 42c a
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Tim Hunter
Tue, 14 Nov 2017
Tue, 14 Nov 2017
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Tower raises capital but takeover still a prospect
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