Marlborough Lines continues to stalk hostile target Horizon Energy Distribution with a move yesterday to buy a further 5 per cent of the Whakatane electricity distribution company.
Marlborough Lines bought 10.1 per cent of Horizon Energy last month.
Yesterday it instructed First NZ Capital Securities to acquire up to 1.25 million more shares.
- NZPA
Horizon bid continues
AdvertisementAdvertise with NZME.
