Offeror(s): Wakefield Health Limited

Independent Adviser(s): Grant Samuel & Associates (Rule 21)

Offer Date: 20/07/2011

Closing Date: 01/09/2011

Offer Type: Full

Compulsory Acquisition

Transaction summary: 

On 5 July 2011, Wakefield Health Limited (“Wakefield”) gave notice of its intention to make a full takeover offer for all the shares in Norfolk Investments Limited (“Norfolk”). The offer document was sent to Norfolk’s shareholders on 20 July 2011, offering $3.80 per share.

The target company statement was issued on 4 August 2011, with Norfolk’s directors unanimously recommending that shareholders accept the offer.

When the offer closed on 1 September 2011, Wakefield gave notice that it had received acceptances for 99.769% of Norfolk’s total issued share capital.

On 29 September 2011, Wakefield commenced the compulsory acquisition process to acquire the balance of the Norfolk shares.  

We have not received consent to publish other documents in relation to this transaction on our website. However, copies of these documents are available upon request to the Panel under the Official Information Act 1982. Please send your written Official Information requests to takeovers.panel@takeovers.govt.nz

Key Documents

Independent Adviser Report(s):