BHP Files Substantial Holder Notice.Business Editors MELBOURNE, Australia--(BUSINESS WIRE)--June 5, 2000 The Broken Hill Proprietary Company Limited (BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. ) today announced it has filed an initial substantial holder notice with the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. indicating that it has acquired a 12.216 per cent shareholding in Email Limited For electronic mail, see . Email Limited was a former manufacturing conglomerate operating mainly in Australia. The company was formed from the merger of `Electricity Meter Manufacturing Co Pty Ltd, established in 1912, and New System Telephones Pty Ltd, established in . Email Limited is an Australian-based appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. manufacturer and metals distribution company. BHP has acquired a total of 33.2 million Email shares, at an average price of $3.30 per share, for a total investment of approximately A$110 million. BHP said it was likely the investment in Email would be held through OneSteel Limited, BHP's steel long products business scheduled to be spun-out later this year. A final decision on how the investment is to be held has not been made. OneSteel Managing Director and Chief Executive Officer Bob Every said: "The acquisition of a shareholding in Email Limited is an attractive opportunity during a period of adjustment in the Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. steel and metals distribution markets." |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion