Bhp's Lysaght Shares
p. 128 · Read in the full issue
We have received the following letter from the secretary of John Lysaght (Australia) Limited cor recting an item which appeared in January PIM (p. 135).
Your publication makes the following statement: “Lysaght is a subsidiary of John Lysaght Australia, metal supplier, which is currently being taken over by BHP, Australian steelmaker.”
This statement is incorrect and, as publicly announced pre viously, BHP has only made an offer to acquire the shares held other than by John Lysaght Limited, England, who hold 25 million out of the 33 million issued shares of the company.
The BHP offer relates to eight million publicly held shares only.
As indicated in previous Press announcements GKN (our parent company) and BHP will ultimately obtain an equal in terest in JLA.
As at the present time [Feb. 6, 1970] BHP have acquired 7,960,000 of the eight million publicly held shares.