24 May 2013

Low-ball offer for Dorchester Pacific shares

12:59 pm on 24 May 2013

Dorchester Pacific is urging investors to seek advice before accepting an unsolicited low-ball offer from an Australian company wanting to buy their shares.

Washington Securities is offering shareholders 10 cents per share, which is more than 60% below the share price of 27 cents on Friday.

Washington Securities has targed shareholders of other publicly listed companies in recent months.