INDEPENDENT NEWS

OIC Consent To Fielder Acquisition Of Ernest Adam

Published: Wed 1 Sep 1999 09:52 AM
OIC Consents To Goodman Fielder Acquisition Of Ernest Adams
The New Zealand Overseas Investment Commission has advised Goodman Fielder that it has consented to the proposed acquisition of Ernest Adams.
A Standing Committee of the New Zealand Stock Exchange Market Surveillance Panel has also ruled that Goodman Fielder has not breached any listing rules in its offer for Ernest Adams.
Commercial group, Managing Director, Doug McKay, said the OIC decision clears regulatory conditions for the Goodman Fielder acquisition of Ernest Adams.
"We are pleased to have OIC consent to the proposed acquisition of Ernest Adams," Mr McKay said.
"All we need now to complete the acquisition is for Ernest Adams shareholders who have not yet done so to complete their acceptance forms as quickly as possible.
"We believe our offer is compelling and should be acceptable to all shareholders."
Goodman Fielder requires acceptances from shareholders for 90 per cent of the shares in Ernest Adams to complete the acquisition and has already received acceptances for over 82 per cent of Ernest Adams shares.
ENDS....

Next in Business, Science, and Tech

Porirua most expensive region to rent, according to Trade Me
By: RNZ
Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release
By: Statistics New Zealand
NZ Small Business Recovery Continues In September
By: Xero
Housing boom could get worse, economist warns
By: RNZ
Westpac NZ Sets Out Plan To Go Cheque-free
By: Westpac
Major New Zealand Upgrade Programme Projects Go To Tender
By: NZTA
Reserve Bank Seeks To Preserve Benefits Of Cash
By: Reserve Bank
Malicious Computer Virus Targeting New Zealanders
By: CERT NZ
Businessman Eric Watson sentenced to a four-month jail term
By: RNZ
OECD Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020
By: OECD
Spark Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities
By: Spark
Monthly Migration Remains Low
By: Statistics New Zealand
Porirua; New Zealand’s Most Expensive District To Rent
By: Trademe
PEST Analysis Of NZ Property Market Making Headway In COVID-19 Storm
By: Kalkine
Sharemarket Bounce And Buoyant Auckland Housing Market Reflected In ASB Investor Confidence Survey
By: ASB Bank
View as: DESKTOP | MOBILE © Scoop Media