Bain Capital sells Tower stake for $89m
Forsyth Barr and Goldman Sachs were appointed joint lead managers for the share sale.
Tower will resume trading today.
Bain Capital has sold its almost 20% stake in listed insurance company Tower for nearly $89 million.
In an update this morning, Tower said it received confirmation of Bain Capital’s sell down of 68,306,802 shares to unnamed investors at $1.30 each. Settlement is expected on April 3.
Tower will
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