Turners builds MTF stake to 7.6%, still in talks with some shareholders

Wed, 28 Oct 2015

By Paul McBeth Oct. 29 (BusinessDesk) - Turners, the company formerly known as Dorchester Pacific, has built up a 7.6 percent stake in Motor Trade Finances and is in talks with other shareholders after its offer to buy up to a fifth of the auto-lender closed earlier this month without yielding a blocking stake against a rival bid. The Auckland-based company said it received acceptances approved by the MTF board lifting its shareholding to 7.6 percent from the 1 percent it held before the offer. Turners is negotiating with shareholders who...

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