Friday, 21 January 2011

Region. Fletcher seeking clearance over bid

The New Zealand Commerce Commission said it would consider how Fletcher Building and the Australian company, Crane Group, which has facilities in Western Sydney, overlapped in the manufacture and supply of pipes and pipe systems, including how plastic pipes can be substituted for one another. Fletcher is seeking clearance from the commission as it pursues a $747 million hostile takeover bid of crane, according to The Australian Financial Review



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