Canadians ‘a stalking horse’ for Suncorp bid

Fairfax Financial’s takeover bid for insurer Tower is in jeopardy after rival Suncorp reached a 20% stake buying Tower shares on market, says a market source.

Tower directors have backed an offer of $1.17 a share from Canada-based Fairfax and the deal requires approval from 75% of votes cast by

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Tim Hunter
Thu, 16 Mar 2017

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