NIB Holdings (NHF) warns sharesholders against David Tweed 1 Apr 2008 - Newly-listed private health insurer NIB Holdings Ltd has warned its shareholders against a fresh round of unsolicited offers from David Tweed.

"NIB shareholders that have received an offer from Australian Share Purchasing Corporation, or may receive an offer from one of the other companies associated with Mr David Tweed, should read the documentation carefully and seek independent financial advice," NIB managing director Mark Fitzgibbon said. 

"NIB shareholders who accept an unsolicited offer will be at a significant financial disadvantage relative to what they would obtain if they sold their shares on-market."

NIB said it had been required under corporate law to provide a copy of its share register to three companies associated with David Tweed: Australian Share Purchasing Corporation, Direct Share Purchasing Corporation Pty Ltd and Colonial Capital Corporation Limited, a New Zealand company.

Source: NIB issues warning against David Tweed