Placing Tower Under Review
We are placing no-moat Tower Ltd (TWR NZ) under review to consider the implications of the rejection of Suncorp Group Ltd (SUN AU)’s proposed...
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Tower - Settling Claims with Suncorp
Tower Ltd (TWR NZ)announced it has entered into a Scheme Implementation Agreement (SIA) with Suncorp Group Ltd (SUN AU) to acquire 100% of Tower at...
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Last Week, in Event SPACE (15 May 2017)
In this note, Obayashi Road Corp (1896 JP) received an underwhelming offer; Television Broadcasts Ltd (511 HK) obtains the necessary buyout waiver...
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Catastrophe Claims Continue to Impact Tower's Fiscal 2017 Earnings
Fiscal 2017 continues to get worse for no-moat-rated Tower as more catastrophe claim costs hit earnings, this time from storms associated with...
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Second Bidder for Tower Emerges With a Higher Offer; FVE Increased to NZD 1.30
Tower is firmly in play, with the Suncorp offer 11% above the NZD 1.17 per share cash takeover proposal from Fairfax Financial. Suncorp has the...
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