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Offeror(s): AQL Holdings Limited
Independent Adviser(s): Deloitte Touche Tohmatsu
Company Meeting Date: 31/08/2001
On 6 June 2001, AQL Holdings Limited (“AQL”) advised that it had signed a conditional agreement to acquire 100% of the capital in Organic Interceptor Products Limited (“OIP”).
AQL would acquire the OIP shares for NZ$5,150,000. The consideration would be satisfied by the issue of the OIP shares at $0.25 cents per share and $275,000 in cash.
On 31 August 2001, AQL’s shareholders approved the acquisition of OIP.