Low-ball investor again targets Unlisted platform with offer for Rural Equities

Mon, 17 Sep 2012

By Jonathan Underhill Sept. 18 (BusinessDesk) – Australia’s Stock and Share Trading has again targeted companies on the Unlisted platform, with an offer to shareholders of Rural Equities that is about 29 percent below their market price. Stock and Share is offering to buy shares at $2.30 apiece, below the $3.22 they traded at yesterday. Stock and Share is owned by John Armour and his firm is represented in New Zealand by Andrew Kennedy of Auckland law firm Prudentia Law. Kennedy confirmed he represents the Australian firm, which he says is c...

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