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23-08-2017, 11:29 AM
#721
Originally Posted by JeremyALD
Fingers crossed as that would see me break even!
Disappointing 90c
Market obviously is more concerned about the capital raise and the likelihood that Vero will be unsuccessful.
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05-09-2017, 09:12 AM
#722
Banned
And Tower joining in with the appeal. I'd see this and think the share price would move, but not on recent events.
TOWER LODGES CROSS APPEAL
Tower Limited (NZX/ASX: TWR) advises that it has now lodged its own cross appeal against the Commerce Commission’s decision to decline Vero’s application to acquire 100% of Tower.
As previously advised, Tower’s Board fully supports Vero with its appeal. As this matter is now before the courts, no further comment will be made.
ENDS
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07-11-2017, 12:59 PM
#723
Vero out completely now and is not appealing. Very strange. What was the point of them appealing in the first place? Seems they have wanted to screw Tower over a bit in this whole exercise.
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07-11-2017, 02:30 PM
#724
Getting into buy territory - could be a nice value play. Surely their TradeMe tie up is producing results. Will try and look to see how its going.
Last edited by Schrodinger; 07-11-2017 at 02:31 PM.
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07-11-2017, 03:04 PM
#725
Originally Posted by greater fool
Have Vero flogged off the 20% stake they purchased ?
And if not, is that stake a market overhang? Or a spoiler to prevent someone else sniffing around?
Who knows but they certainly haven't sold any yet.... There's hardly any volume going through.
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07-11-2017, 03:10 PM
#726
I wouldn't imagine that they would sell the ones they own. Wouldn't make sense.
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07-11-2017, 03:22 PM
#727
Banned
So whats their play with the shares they own, will they just leave them languishing in their books or wait for the next potential buyer and cut a deal?
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07-11-2017, 05:36 PM
#728
Originally Posted by Fatboyj
So whats their play with the shares they own, will they just leave them languishing in their books or wait for the next potential buyer and cut a deal?
Not sure but given the purchase price there's some ugly red ink if they need to be marked back to market through vero's p&l.
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08-11-2017, 09:21 AM
#729
The commerce commission is still investigating Vero's purchase of 19.9% separate from the takeover offer.
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13-11-2017, 08:06 PM
#730
Member
Originally Posted by Baddarcy
The commerce commission is still investigating Vero's purchase of 19.9% separate from the takeover offer.
D day for Tower shareholders tomorrow
http://www.nzherald.co.nz/business/n...ectid=11943510
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