Marlborough Lines has extended its offer for Horizon Energy shares by two weeks to July 30.Marlborough Lines purchased 10.1 percent of Horizon Energy last month via a stand in the market at $4.06 a share then instructed First NZ Capital Securities to acqu
Marlborough Lines has extended its offer for Horizon Energy shares by two weeks to July 30.
Marlborough Lines purchased 10.1 percent of Horizon Energy last month via a stand in the market at $4.06 a share then instructed First NZ Capital Securities to acquire up to another 5 percent. The purchases are being be made via a special order facility.
Horizon Energy is 77.3 percent owned by Eastern Bay Energy Trust, which would like to move to 100 percent ownership.
A substantial shareholding notice filed to NZX last week said Marlborough Lines had increased its holding in Horizon Energy to 11.4 percent.
