Turners is making an offer to buy shares in Motor Trade Finances (MTF) through its subsidiary Turners Finance Limited.
It wants to lift its holding in MTF to almost 20%.
The cash offer will be sent to all MTF shareholders on Thursday and will remain open until October 17.
The offer price is $1.15 per share compared to the most recent traded price through the ShareMart securities market of 94 cents per share. No brokerage is payable.
Turners Limited chief executive Paul Byrnes said Turners Finance has 218,452 or 0...MORE»
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