Suncorp launches rival takeover bid for Tower
Suncorp bid "really good news" for Tower shareholders, says market source.
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Tower chairman Michael Stiassny is warning shareholders to tread carefully as ASX-listed insurer Suncorp Group makes a rival bid for the New Zealand company.
Suncorp, which owns Vero Insurance, confirmed this morning it is standing in the market to acquire up to 19.9% at $1.30 a share, having
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Staff reporter and Businessdesk
Wed, 22 Feb 2017
Wed, 22 Feb 2017
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Suncorp launches rival takeover bid for Tower
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