Low-ball offer for PFI despite government regulation

Wed, 30 Jan 2013

Jan. 30 (BusinessDesk) - Property For Industry Ltd is urging shareholders to ignore a low-ball offer from a company stalking its register. The property investor said before Christmas that it had received a request for its share register from Zero Commission NZ. Zero has now made an unsolicited offer to purchase the shares of PFI shareholders holding 2,000 shares or less for $1.12 per share. The board does not support or endorse the offer, noting that PFI’s shares have traded between $1.20 and $1.23 in the last 30 days. Last year the gover...

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