Kupe accepts bid
PA Wellington The directors of Kupe Petroleum NL formally recommend acceptance of the merger offer by Grosvenor Properties, Ltd. They said that the offer would provide Kupe shareholders with the opportunity to participate in an enlarged company which offers good growth prospects. The combined assets
and businesses of Kupe and Grosvenor would enable the merged group to participate in significant investment opportunities which are available.
Earnings a share are forecast to be 12c in the first year, Kupe said.
It added that full details of the offer would be sent to Kupe shareholders ahd option holders in the next three weeks.
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Press, 11 February 1986, Page 26
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104Kupe accepts bid Press, 11 February 1986, Page 26
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