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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.