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Perpetual flags its concerns over Allied/Hanover deal

Friday 4th of December 2009

In a letter to investors, Perpetual chief executive Louse Edwards said the offer of shares as opposed to cash could be a concern for investors, as there is "no certainty as to what price the Allied Farmers' share will trade." The letter mapped out the options for investors, saying the three options under consideration are that the proposal is accepted by investors, that the offer is turned down...

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