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January 14, 2002

NEW ZEALAND: Bendon Says To Consider Rival Offers

New Zealand apparel manufacturer and retailer Bendon Group Ltd today said it had received a non-binding offer for its business similar to the existing proposal from a consortium headed by managing director Hugo Venter. Venter offered NZ$38.5 million for the company's sole operating subsidiary, Bendon Limited, in November. His bid is being supported by AMP Henderson, which has a 26 per cent stake in Bendon Group and is its biggest shareholder.

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