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NIB issues warning against David Tweed

The Age, 1 April 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."

Tuesday's warning follows a similar one from NIB last month over the activities of Hassle Free Share Sales.

Companies associated with David Tweed have previously made unsolicited offers to shareholders at Insurance Australia Group Ltd, AXA Asia Pacific Holdings Ltd, AMP Ltd and IOOF Ltd, NIB said Tuesday.

http://news.theage.com.au/nib-issues-warning-against-david-tweed/20080401-22w1.html