NEWSPAPER MERGER.
Shareholders of the "Daily Telegraph" Holding Co., Ltd., Sydney, are considering an offer by the "Sun" Newspapers, Ltd., to purchase the 115,557 ordinary shares of ,£1 each, and 106,668 preference shares of '£1 each, held.by the company iff "Daily Telegraph Pictorial," Ltd., for £106,688, of -which £56,668 shall be paid in cash, and £50,000 shall be satisfied by the issue and allotment of 50,000 7 per cent, cumulative preference, shares of £1 each in Associated Newspapers, Ltd. The directors advise shareholders to accept the proposal, and to seek authorisation "to forthwith carry into effect and complete such, sale with or without modification." "Daily Telegraph." Holding Co., Ltd., has a paidup capital of £228,232.
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https://paperspast.natlib.govt.nz/newspapers/EP19291210.2.121.4
Bibliographic details
Evening Post, Volume CVIII, Issue 140, 10 December 1929, Page 14
Word Count
115NEWSPAPER MERGER. Evening Post, Volume CVIII, Issue 140, 10 December 1929, Page 14
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