IEP monorities drop court battle against share swap

Industrial Equity Pacific has become a wholly-owned subsidiary of Brierley Investments, after IEP shareholder Peter Cockle and his supporters abandoned their legal action which has held up the takeover of…

IEP battler runs out of funds

Mr Peter Cockle, the Auckland lawyer battling to stop Brierley Investments' full takeover of Industrial Equity Pacific or to get better value through the Hong Kong court, says he is…

BIL attempt to take over IEP stalls

Brierley Investments' scheme of arrangement to fully take over its Hong Kong-based subsidiary Industrial Equity (Pacific) has struck problems at the final hurdle. At a hearing yesterday the Hong Kong…

Investors approve IEP takeover

Industrial Equity Pacific shareholders yesterday approved a share-based scheme of arrangement for IEP parent Brierley Investments to take the company over. Directors told the Stock Exchange the scheme would become…

IEP advised to accept BILs offer

WELLINGTON (PA) - Independent advisers Jardine Fleming Securities say Industrial Equity Pacific shareholders should accept Brierley Investments' share swap offer, now IEP's interim dividend has been increased. The offer sweetener…

Brierley forced to lift IEP payout

Minority shareholders in Industrial Equity (Pacific) have forced Brierley Investments in effect to increase its takeover offer for the company. IEP said yesterday it would increase its interim dividend from…

National Mutual threatens to block Brierleys IEP bid

Other institutions could follow in first assault on fortress Brierley. National Mutual - the biggest minority shareholder in Hong Kong-based Industrial Equity (Pacific) Ltd - is threatening to block Brierley…

GPG shake up as Brierley

British investment company GPG Plc said it has agreed restructuring proposals with its parent Industrial Equity (Pacific) Ltd and its ultimate holding company Brierley Investments Ltd. A GPG statement said…

Brierleys IEP offer price leaves adviser lukewarm

Brierley Investments looks likely to come under pressure to increase its offer to buy out minority Industrial Equity Pacific shareholders, after an independent adviser ruled it insufficiently generous to warmly…

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