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Tower Ltd Announces Unsolicited Offer From Washington Securities Pty Limited

Friday, 21 Jun 2013 12:22am EDT 

Tower Ltd announced that it has been advised that Washington Securities Pty Limited (Washington Securities) intends to make an unsolicited offer to some TOWER shareholders, offering to buy TOWER shares for $1.00 per share. The price offered of $1.00 per share is a substantial discount to the current market price of TOWER shares. The market price of TOWER shares on the NZX was $1.95 per share at close of trading on June 20, 2013. 

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