Offer for Pacific Ports lapses

PUBLISHED : Monday, 29 June, 1998, 12:00am
UPDATED : Monday, 29 June, 1998, 12:00am

New World Infrastructure's general offer for Pacific Ports has lapsed as the offerer and related parties hold less than 50 per cent of the port operator's capital. Only 0.21 per cent of the issued share capital took up the general offer by deadline last Friday. New World now holds 37.37 per cent of Pacific Ports and Pacific Ports will launch a board reshuffle.