BIL bid 'not a cheap' takeover
Topic 1The Dominion Post (Wellington, New Zealand)BIL bid 'not a cheap' takeoverJuly 18, 2005, MondaySTEEMAN MartaQuek Leng Chan very much a white knight, says deputy chairman -------------------- THE takeover offer for BIL International by Malaysian tycoon Quek Leng Chan is not a bid to win control on the cheap, BIL deputy chairman Philip Burdon says. Mr Burdon, a former National Party cabinet minister, and BIL chief executive Arun Amarsi are the two independent directors on the BIL board whose duty it is to protect the interests of minority shareholders. BIL, formerly Brierley Investments, still has 53,600 New Zealand shareholders, who are thought to hold less than 10 per cent of the company.
