Hellaby directors now support Bapcor takeover
The independent directors of Hellaby Holdings now support a takeover bid by Bapcor after the offer was declared unconditional.
The independent directors of Hellaby Holdings now support a takeover bid by Bapcor after the offer was declared unconditional.
New Zealand shares fell, led lower by global markets, with ANZ Banking Group and A2 Milk Co down while Vital Healthcare Property Trust gained.
Shareholders who have accepted the offer will receive $3.60 per share within the next 7 days.
Pushpay Holdings says it's moving up the value chain and is in talks with large US vendors about its expanded product offering.
Pushpay says it is on track to reach its ACMR target of US$72 million and breakeven on a monthly cashflow basis by the end of calendar 2017.
Augusta Capital has dropped its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders.
New Zealand shares rose, led by Contact Energy and Mainfreight which hit a record, while Arvida Group and ANZ fell.
New Zealand shares were mixed with institutional traders still on holiday.
Maverick shareholder advocate Bruce Sheppard reckons there's lessons for investors from the American Wild West.
New Zealand shares rose in abbreviated trading ahead of the Christmas holiday, led by blue-chip stocks including Auckland Airport and Spark.
Intueri's application for an A$6 million uplift in VHF funding has been denied.
NZ shares rose, snapping five days of decline, with Tegel Group Holdings and A2 Milk Co recovering from being sold off earlier in the week.
Hellaby provided first-half guidance for profit of up to $39.5 million, and promised a special dividend if the Bapcor offer fails.
New Zealand shares fell, led lower by Spark New Zealand and Scales Corp, while Orion Health Group rose from its record low.
Takeover target Hellaby hints at possible breakup on its own terms.
Concern has been raised after reports that Australia's The Star Entertainment Group wants a merger with SkyCity.
Affable markets boss fixed what was broken but didn't want to overstay his welcome.
NZ shares fell, dragged lower by A2 Milk Co on negative news from an Australian rival, while Fisher & Paykel Healthcare gained after a positive result in court.
Sealegs, the amphibious vehicle maker, says increased margins have helped counter soft sales in Australia and Europe.
NZ shares were mixed as Orion Health Group plunged following its first-half results, while Sky Network Television and Contact Energy gained.
Augusta Capital has filed High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid.
OceanaGold Corp, owner of New Zealand's biggest gold mine at Macraes, is to delist from the NZX at the end of the year to reduce compliance costs.
NZ shares rose, pushing the NZX 50 Index to a three-week high as gains in offshore equity markets helped sentiment in the domestic exchange.
Abano Healthcare expects to pay a first-half dividend of between 11 and 16 cents per share.
The listed property investor increased first-half earnings 22 per cent as it benefited from the rising value of its portfolio.
COMMENT: Why did the exchange pursue a hugely expensive, and ultimately unsuccessful, legal claim?
New Zealand shares rose as buyers came back into the market, led upwards by Auckland International Airport and Ryman Healthcare.
COMMENT: Investors take a glass-half-full approach and focus on hopes spending will get US economy moving again.
NZ shares declined at the end of a volatile week that saw Donald Trump win the US presidency.
The New Zealand dollar tumbled against the yen as speculation grew that Donald Trump could win the White House.