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- Release Date: 08/08/13 18:42
- Summary: S/HOLDER: MFT: Washington Securities - Low Ball Offer
- Price Sensitive: No
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MFT
08/08/2013 16:42
S/HOLDER
REL: 1642 HRS Mainfreight Limited
S/HOLDER: MFT: Washington Securities - Low Ball Offer
Washington Securities Pty Ltd - Low Ball Offer
Mainfreight Limited (Mainfreight) has been advised that Washington Securities
Pty Limited intends to make an unsolicited offer to some Mainfreight
shareholders offering to buy Mainfreight shares for $7.00 per share. The
price offered of $7.00 per share is a substantial discount to the current
market price of Mainfreight shares. The market price of Mainfreight shares on
the NZX was $10.40 per share at close of trading yesterday, 7 August 2013.
Mainfreight understands that Washington Securities Pty Limited is an
Australian company, whose sole director and shareholder is John Armour.
If you receive such an offer, Mainfreight strongly recommends that you seek
independent advice and check the most recent market price for Mainfreight
shares on the NZX.
Tim Williams
Chief Financial Officer
Phone +64 9 259 5510
Mobile +64 274 533 470
Email [email protected]
End CA:00239454 For:MFT Type:S/HOLDER Time:2013-08-08 16:42:38
