TWR tower limited
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according to AFR Street Talk... Vero Insurance raiding takeover...

  1. tobyjack
    9,236 Posts.
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    21/02/17
    17:07
    Post #: 22787138
    according to AFR Street Talk...

    Vero Insurance raiding takeover target Tower Ltd: sources

    UBS's equities desk was in the market seeking to buy a stake in the under offer Tower Ltd on Tuesday afternoon.

    It's understood the bank was buying for Vero Insurance.

    UBS approached institutions after market on Tuesday, seeking to buy up to a 19.99 per cent stake in Tower at a fixed price of $1.2131 per share.

    The price represented an 11.1 per cent premium to Tower's existing takeover bid from Fairfax Financial Services.


    Read more: http://www.copyright link/street-talk/vero-insurance-raiding-takeover-target-tower-ltd-sources-20170220-guhen3?
    TWR Price at posting: $1.06 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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$1.39 		Change
0.030(2.21%) 		Mkt cap ! $465.8M
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