Tower asks Suncorp to clarify bid after stake-building

Tower Limited has asked Suncorp to show its hand after the
Australian insurer took its stake in the company up to 19.99
percent through the acquisition of stock at a per-share price
higher than its offer to buy the New Zealand carrier outright.
Through its own New Zealand operation Vero, Suncorp paid $1.40 a
share to purchase 11.3 million shares in Tower from Perpetual.
The price was higher than its 22 February $1.30 a share
indicative offer for Tower aimed...