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	<title>Financial Standard Comments - Tower accepted $1.35 on fears of 'catastrophic' share price fall</title>
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Tower chairman Olaf O&#8217;Duill has revealed that the fear of a &#8216;catastrophic&#8217; fall in the company&#8217;s share price persuaded&#160;its board to accept the security of a fully underwritten offer of $1.35 per share from Guinness Peat Group even though the market price was $1.41-1.43 at the time...
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	<link>https://www.financialstandard.com.au/feed/latest?story=20376</link>
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	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
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