Tower Confirms Bain Capital Sell-Down; Shares Fall 8%

MT Newswires Live

2025/04/01

Tower (ASX:TWR, NZX:TWR) confirmed that Bain Capital has completed the full allocation of its 68.3 million shares in the company, according to a Tuesday filing with the New Zealand bourse.

Following the completion of the sell-down, Tower requested the lifting of its trading halt, effective Tuesday.

Shares of the company fell nearly 8% in New Zealand in recent Tuesday trade.

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