NZ's Tower falls after Bain Capital looks to sell 19.9% stake in firm
ReutersMar 31, 2025 11:14 PM
Shares of general insurance provider Tower Limited TWR.NZ fall around 7.7% to NZ$1.37, hitting their lowest level since February 4
Bain Capital is looking for purchasers for its 19.9% shareholding in TWR, co has received confirmation
Around 68.6 mln TWR shares change hands, 25.5x vs 30-day average
Stock fell as much as 9.1% earlier in the day, marking its worst intraday drop since March 17, 2020
Stock has slipped 0.4% this year, including session's move
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