PFI board happy but shareholders in dark
Directors may be happy about merger conditions but shareholders have not yet had an opportunity to make their own judgment.
Directors of Stock Exchange-listed Property for Industry appear to be softening up shareholders to accept a merger with Direct Property Fund.
In a Stock Exchange announcement last week, the PFI directors said they had reached agreement on terms to proceed with a merger with DPF.
The
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Chris Hutching for NBR NZ Property Investor
Tue, 14 May 2013
Tue, 14 May 2013
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PFI board happy but shareholders in dark
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