Tower has requested a trading halt as Bain Capital, which owns approximately 19.9% of the company's shares, is seeking offers for its shareholding.
The halt will be lifted once Tower is notified by Bain Capital that the process has concluded and the information has been announced to the market.
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Is New Zealand still fixated on the 1kg block of cheese?
"Liberation day" could make matters worse, says Kiwibank’s Kerr.
The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.
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