Tower seeks further clarity on takeover proposal from Suncorp
Will Tower allow competitor due diligence amid potential bidding war?
A second takeover proposal for NZX-listed Tower sets up a possible bidding war with Canada’s Fairfax Holdings but also poses some tricky decisions for the Tower board.
ASX-listed Suncorp, which owns Vero Insurance, has put forward a rival bid for Tower, following Fairfax’s all cash bid worth
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Duncan Bridgeman
Wed, 22 Feb 2017
Wed, 22 Feb 2017
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Tower seeks further clarity on takeover proposal from Suncorp
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