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Tower Limited ( (AU:TWR) ) has shared an announcement.
Tower Limited has announced that Forsyth Barr Group Limited, along with its subsidiaries Forsyth Barr Investment Management Limited and Octagon Asset Management Limited, has become a substantial holder in the company. This development indicates Forsyth Barr’s significant interest in Tower Limited, with a voting power of 5.036% through their acquisition of 17,251,246 fully paid ordinary shares. This move could potentially impact Tower Limited’s market positioning and influence shareholder dynamics, as Forsyth Barr now holds a considerable stake in the company.
More about Tower Limited
Average Trading Volume: 26,156
Technical Sentiment Signal: Buy
Current Market Cap: A$445.6M
For an in-depth examination of TWR stock, go to TipRanks’ Stock Analysis page.