Turners seeks almost 20% of Motor Trade Finances to cement relationship

Mon, 14 Sep 2015

By Jonathan Underhill Sept. 14 (BusinessDesk) - Turners, the company formerly known as Dorchester Pacific, is offering to lift its holding in Motor Trade Finances to almost 20 percent by buying shares at a premium, a move it says would reflect the business relationship between the two firms. A cash offer of $1.15 a share will be sent to MTF shareholders on Sept. 17, Turners said. The stock last traded on the ShareMart system on Sept. 1 at 94 cents apiece and there are currently two offers to sell a combined 20,700 shares at that price....

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