23/06/2004 11:09
Casino almost likes Kerry's new bid
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KERRY Packer's PBL seems to have settled on a final price with target Burswood, with conditions on its $1.46 per share offer the only stumbling block.
Burswood directors yesterday recommended shareholders do not accept PBL's higher bid, made on Monday.
Burswood also announced a fully-franked dividend of 10c a share.
But they left the door wide open for a turnaround in their position, saying it was the condition that PBL acquire 90 per cent that was preventing them from recommending the offer.
Full story:The Dayly Telegraph
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