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Tower Ltd Announces Unsolicited Offer Form Washington Securities Pty Limited


Tuesday, 9 Jul 2013 06:50pm EDT 

Tower Ltd announced that Washington Securities Pty Limited (Washington Securities) intends to make another unsolicited offer to some TOWER shareholders, offering to buy TOWER shares for $1.20 per share. The price offered of $1.20 per share is a substantial discount to the current market price of TOWER shares. The market price of TOWER shares on the NZX was $2.01 per share at close of trading on July 9, 2013. 

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