CWH & NZWSI merger second determination
The Commerce Commission yesterday issued its second draft determination maintaining its earlier draft determination in March 2015 to allow the proposed merger between Cavalier Corporation’s 50%-owned Cavalier Wool Holdings Ltd (CWH) and the wool scouring subsidiaries of New Zealand Wool Services International Ltd (NZWSI).
Cavalier welcomes this latest development in a transaction that will bring about further rationalisation of the New Zealand wool scouring industry and refers shareholders to the attached media release issued by the Directors of CWH and the draft determination issued by the Commerce Commission.
Chief Executive Officer
For and on behalf of the Board of Directors
For more information regarding this announcement, please contact Paul Alston on 021 918 033 or 09 277 1135.