Fisher & Paykel Appliances Holdings Limited
FPA Stock Exchange Release ASX/NZX 12 September 2012
FPA - Issues - Take No Action re Haier Offer
The Board of Directors of FPA excluding the two directors associated with
Haier (the "Independent Board") is reminding shareholders to wait for an
independent adviser''s report before taking any action in relation to Haier''s
proposed takeover offer.
Chairman, Keith Turner, stressed that the Independent Board has made no
recommendation regarding this proposed offer and will not do so until a full
assessment has been completed by the Independent Board and the independent
"Shareholders should wait until this report is available in October before
taking any action."
Dr Turner noted that current Board support for the Haier proposed offer is
conditional on no other superior alternatives being available for FPA and its
Shareholders, and on the bid price being within or above the independent
expert''s valuation range.
"We are already receiving calls from parties interested in acquiring certain
"FPA is clearly a very desirable business and we need to ensure that value is
maximised for Shareholders."
For further information please contact:
Matt Orr +64 (9) 273-0582
End CA:00227196 For:FPA Type:TAKEOVER Time:2012-09-12 11:02:37