Tower shares halted amid Bain Capital stake sale process

Trading in Tower Limited (NZX:TWR) equity securities has been halted at the company's request, according to an announcement released March 31, 2025. The halt was implemented prior to market open after Tower was informed that Bain Capital, which controls approximately 19.9% of Tower's shares, is undertaking a process to seek offers for its stake. The trading halt application will be available on the NZX and ASX, and it will be lifted once Tower is notified by Bain Capital that the process has concluded and Tower has announced the same to the market. The announcement was authorized by Tower Chair Michael Stiassny.