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Overseas Investment Office

Tumbling Markets Make Affect Steel & Tube Bid

Wellington, Oct 10 NZPA - OneSteel may pull or change its bid for Steel & Tube if the New Zealand share market keeps tumbling. Steel & Tube's 50.27 percent owner OneSteel has given notice of a cash offer of $4 a share for the shares it does not already own.

Onesteel Launches Takeover Bid For Steel & Tube

Wellington, Sept 29 NZPA - Steel & Tube shares rose 26.67 percent after 50.27 percent owner OneSteel announced a cash bid to buy other shareholders out at $4 a share.

Onesteel Launches Takeover Bid For Steel & Tube

Wellington, Sept 29 NZPA - Australian company OneSteel has launched a takeover bid for Lower Hutt-based Steel & Tube holdings, which describes itself as this country's largest distributor of steel and allied products.

Vector Gets Nod For Wellington Asset Sale

Wellington, June 16 NZPA - Vector shareholders have overwhelmingly approved the sale of the company's Wellington electricity network to Hong Kong-based Cheung Kong Infrastructure (CKI). More than 99 percent of shareholders voted in favour of selling the asset to CKI for $785 million.

Sky City Sells Hotel Stake, Ups Casino Interest

Wellington, June 11 - Sky City Entertainment Group is to raise its share in the country's second largest casino in Christchurch , after selling its stake in a hotel there.