2017 news

Suncorp reaches 19.99% threshold

15 March
Tower Limited (NZX/ASX: TWR) understands that Suncorp Group Limited's stake in Tower has now reached 19.99% of shares for which it has paid $1.40 per share to date.

Tower notes Suncorp unsolicited off-market share offer

22 February
Tower Limited (NZX/ASX: TWR) understands that Suncorp Group Limited and affiliated companies (ASX: SUN) acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower at a fixed price of NZ$1.30 per share, with a view to escalating the offer to 100% of all shares.

Tower receives non-binding proposal from Vero for 100 %

22 February
Further to its earlier announcement, Tower Limited (NZX/ASX: TWR) confirms that it has now received a non-binding indicative proposal from Suncorp Group Limited (ASX: SUN).