Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/entities/4218" target="_blank" data-smartkarma-citation="entities:4218:1">Suncorp Group Ltd (SUN AU)</a> (Suncorp)’s wholly owned subsidiary, Vero Insurance New Zealand Limited (Vero NZ), has <a href="http://www.asx.com.au/asxpdf/20170222/pdf/43g5r10j7vz43j.pdf" target="_blank">acquired</a> 11.14% of the ordinary shares in <a href="https://www.smartkarma.com/entities/12173" target="_blank" data-smartkarma-citation="entities:12173:1">Tower Ltd (TWR NZ)</a> (Tower) @NZ$1.30/share, and is “standing in the market to acquire up to 19.9%” of the shares in Tower.In addition, Suncorp has submitted a non-binding indicative <a href="http://www.asx.com.au/asxpdf/20170222/pdf/43g5zz8n127qx0.pdf" target="_blank">proposal</a> to Tower’s board to acquire the remaining 88.86% of outstanding shares, also at a price of NZ$1.30/share.Our discussions with Suncorp indicate it is…

Suncorp Group Ltd (SUN AU) (Suncorp)’s wholly owned subsidiary, Vero Insurance New Zealand Limited (Vero NZ), has acquired 11.14% of the ordinary shares in Tower Ltd (TWR NZ) (Tower) @NZ$1.30/share, and is “standing in the market to acquire up to 19.9%” of the shares in Tower.In addition, Suncorp has submitted a non-binding indicative proposal to Tower’s board to acquire the remaining 88.86% of outstanding shares, also at a price of NZ$1.30/share.Our discussions with Suncorp indicate it is…

New Zealand

TOWER Limited provides risk insurance and wealth management products and services. The Company operates in general insurance, health & life insurance, and investments and funds management.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Tower Ltd (TWR NZ)

Tower Ltd - Suncorp Stakes Its Claim

Suncorp Group Ltd (SUN AU) (Suncorp)’s wholly owned subsidiary, Vero Insurance New Zealand Limited (Vero NZ), has acquired 11.14% of the ordinary...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)