Fidelity appoints Grant Samuel as independent adviser for takeover bid
The Board of Fidelity Life has appointed Grant Samuel & Associates as an independent adviser for the proposed takeover bid from Tower, in accordance with the Takeovers Code.
Tuesday, October 12th 2010, 5:00PM 
2 Comments
Grant Samuel & Associates will prepare an independent report on the merits of the offer.
If a formal takeover offer is made for the shares in Fidelity Life, the Board will send a copy of the independent report to Fidelity Life shareholders in due course, together with its target company statement, as required under the Takeovers Code.
| « FMG sides with Fidelity Life in opposition to Tower offer | Mixed reviews from advisers on FMA regulation » |
Special Offers
Comments from our readers
On 13 October 2010 at 12:16 am oscar d nail said:
i've got a feeling that the bid would be successful. On 13 October 2010 at 2:18 pm Clever rabbit said:
I think you've mis-read the article. There's no indication that Tower's bid has been successful or not. There is a legal process under the Takeovers Code which both parties have to adhere to. These things take time. Commenting is closed
|
|
Printable version |
|
Email to a friend |
