KEY POINTS:
MFS Living and Leisure, the Australian company that is trying to take over Tourism Holdings Ltd, has 16.66 per cent of the company, according to the latest substantial security holder notice filed to the stock exchange.
MFS said today it had received acceptances in respect of 1.44 million shares from June 15 to 19.
MFS said last week that it would not increase its $2.80 a share offer price or change the closing date of the offer, which is July 21.
The offer is conditional on getting acceptances representing 90 per cent of the company.
Earlier this month, businessman Sir Selwyn Cushing sold his family's 10.02 per cent shareholding. But US investment fund Sterling Grace Capital Management with 16.96 per cent and AXA with 12.2 per cent have blocking stakes.
- NZPA
