Brief: Steel & Tube Updates On Board's Decision To Turn Down Offer By Fletcher Building
10/10/2018 02:43
Oct 10 (Reuters) - Steel & Tube Holdings Ltd STU.NZ :
* UPDATES ON BOARD'S DECISION TO TURN DOWN NON-BINDING
INDICATIVE
OFFER TO ACQUIRE CO BY FLETCHER BUILDING
* NBIO OF $1.70 PER SHARE SIGNIFICANTLY UNDERVALUES BOARD'S
VIEW
OF COMPANY'S VALUE
Source text for Eikon: ID:nNZWbz2gSV
Further company coverage: STU.NZ
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Steel & Tube Holdings
See all newsBrief: Steel + Tube Says Four Months To End-October Rev NZ$145.2 Million
Brief: Steel & Tube Holdings Says It Made A Decision Not To Declare A Dividend
Brief: Steel & Tube Holdings Posts FY Net Loss Of NZ$24.4 Million
Brief: Steel & Tube Holdings Posts H1 Revenue NZD 196 Million
Brief: Steel & Tube Holdings Posts H1 Net Loss NZD 10.4 Million