Taylors to delist

Laundry company Taylors Group will be delisted from the stock market at the end of the week.

Last month Australian company Spotless gained 95 per cent of Taylors' shares, enabling it to compulsorily buy the remaining shares at $2.25 per share. NZX Regulation yesterday advised that following the 100 per cent takeover, Taylors would be de-listed from the NZSX market at the close of trading on Friday.

- NZPA