Tower (ASX:TWR, NZE:TWR) said Bain Capital Investments and its related entities ceased to be substantial holders after selling all of their 68.3 million shares or 19.94% stake in the company, according to a Thursday filing with the Australian and New Zealand bourses.
The company's shares fell nearly 1% in Australia in recent Thursday trade, while its Kiwi shares shed about 2%.
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