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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 04, 1969
Page
7
Port Moresby reports that the Panna New Guinea Administration will aid Territory timber companies after a slump in demand from the Japanese market.
The Timber Theantries Allocation outlines a Canberra home loan situation with details from acting Director Mr D. McIntosh and manager Mr Lincoln. It notes a year ending balance of about 1.064 million and projected loan approvals, while referencing recoveries, investor interest, and revised strategies in a challenging market landscape.
Courtaulds and Dunlop Ansitalla engage in a counter bid war over Hilton Corporation. Courtaulds announces an Austeatay bid to contest Dunlop’s offer, with Hilton valued around 204 a share after late trading. Moody details show Hilton’s 1,000,000 shares outstanding, while Dunlop counters with strategic aims tied to Melbourne textile expansion and plant backing in NSW.
A tangled merger negotiation centers on Monier deferring control to Redland while outlining a plan for shareholding adjustments and a March meeting. The agreement contemplates a minority stake arrangement, with hearings adjourned to March and a timeline toward a March 7 meeting. Regulators and shareholders weigh protections for minority stockholders as discussions proceed.
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