Feb 9 (Reuters) - Tower Ltd TWR.NZ -
* Fairfax Financial to acquire Tower
* Deal for all cash offer of $1.17 per tower share, for an aggregate acquisition cost of $197 million
* Offer unanimously supported by tower board, in absence of a superior proposal
* Each tower director has undertaken to vote all tower shares in his control in favour of fairfax proposal
* Board also confirms that fairfax proposal does not impact tower insurance policies and rights of policy holders
* Two of tower's major shareholders, salt funds management and acc committed to vote in favour of fairfax proposal
* All figures in nz$ Source text for Eikon: ID:nNZSmdua Further company coverage: TWR.NZ