News

TOWER makes surprise bid for Fidelity

Friday 1st of October 2010

Tower has offered $82 a share for Fidelity, made up of $55 cash and $27 of Tower shares.

The terms of the offer "have been based on the limited publicly available information in respect of Fidelity" and Tower will shortly make a request for further details and "is hopeful that this request will be positively received by the directors."

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