Tower Australia Life Insurance accepts Dai-chi’s takeover offer

29 December 2010 | 1 minute read

Tower Australia life insurance group has announced that its directors have agreed to a $1.2bn takeover offer from Japan’s Dai-chi Life Insurance, according to a statement issued by the company. The offer is subject to customary conditions including all the necessary Australian and Japanese regulatory approvals. The chairman of Tower, Rob Thomas said, “The independent directors believe that this offer…

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