Guinness move on MMC sparks talk

Posted on: Tue, 08 Sep 2009 18:50:00 EDT


Symbols: GPGPF
Sep 08, 2009 (The Australian Financial Review - ABIX via COMTEX) --
GPGPF | Quote | Chart | News | PowerRating -- Guinness Peat Group subsidiary, Ecurb Australia, has offered $A68m for a 70% stake in MMC Contrarian. Investors said the $A0.48-per-share bid was too low, although analysts noted the move reflected the company's concern about a potential bid from investor, Nicolas Bolton, who has a 5.3% stake in the group. Ecurb owns 29% of MMC Contrarian.

Publication Date: 9 September 2009

MMC CONTRARIAN LIMITED - ASX MMA
GUINNESS PEAT GROUP PLC
ECURB AUSTRALIA PTY LTD
AUSTRALIAN STYLE INVESTMENTS PTY LTD
MULTIPLEX PRIME PROPERTY FUND - ASX MAF
AUSTRALIA. TAKEOVERS PANEL
SANDON CAPITAL PTY LTD

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