close
MENU
Hot Topic Scrutiny Week
Hot Topic Scrutiny Week
3 mins to read

Tower may need to pay a $2 million 'break fee' to Fairfax

Tower's board is backing the increased takeover bid from Suncorp, which trumps the previous offer from Fairfax Financial.

Calida Smylie
Wed, 28 Jun 2017

Tower may need to pay Canada's Fairfax Financial Holdings a $1.97 million break fee after its board backed a rival bid from Suncorp Group-owned Vero Insurance New Zealand.

The Auckland-based insurer has signed a scheme implementation agreement with ASX-listed Suncorp, in which local subsidiary

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Calida Smylie
Wed, 28 Jun 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tower may need to pay a $2 million 'break fee' to Fairfax
68048
true