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Article: Orion will accept offer for Humanware shares
- Article from:
- The Press
- Article date:
- May 9, 2007
- Author:
CopyrightCopyright 2007 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Electricity network company Orion will be accepting the $10.80-a-
share offer for its stake in Christchurch hi-tech company Humanware
from Australian investors.
It is one of the largest shareholders in the award-winning
exporter which makes electronic aids for the blind and visually
impaired and its view on the acceptability of the offer is important.
Australian niche investor Jolimont Capital and some managers of
Humanware are offering to buy the company from about 55 shareholders,
many of whom are former and current employees and their friends.
Orion, with about 13 per cent, will gain $4.2 million for the
390,628 shares it owns, Orion corporate services manager Brendan
Kearney said ...