
Fletcher ups bid, Steel & Tube remains wary
Steel & Tube hasn't yet been won over by Fletcher's approach.
Steel & Tube hasn't yet been won over by Fletcher's approach.
Steel & Tube said Fletcher has under-valued its business.
Fletcher Building may have to consider upping its offer for Steel & Tube.
Taylor: Takeover "compelling value", Fletcher boss argues.
Steel and Tube has received a takeover bid from Fletcher Building at $1.70 a share.
COMMENT: Shortcuts, harsh clauses and penny-pinching are counterproductive in many ways.
The Interview: New Fletcher CEO Peter Reidy heads from one tough business to another.
"This is the first time we have done anything like this."
The sharemarket is poised for big Wednesday, with a slew of results due.
The sale is most likely to attract interest from private equity buyers.
COMMENT: The construction industry is the private sector: it's bottom lines and profit.
The best and worst of times have arrived together for NZ's construction industry.
Housing scheme's boss makes a habit of tackling things head-on.
Reidy will oversee the problematic Buildings and Interiors unit in his new role.
The 90 staff were mostly in the head office at Penrose in a variety of roles.
Fletcher boss keener than ever to buy his own home and wants to stay in Parnell.
An Auckland-based factory will assist with the Government's KiwiBuild plans.
Fletcher's giving a new longer-term strategy announcement in Sydney on Thursday.
Investors are waiting to see whether Fletcher drops out of the key sharemarket index.
Job cuts follow disastrous $952 million of losses at firm's Building + Interiors unit.
Adamson has sold his Auckland home and is now residing in New York.
Retail investors will have next week to take up the offer.
Firm exiting its international division to concentrate on core building supplies.
Investment specialist pours cold water on Fletcher deal
The Australian fund manager has more than A$5 billion in investments under its control.
Reports suggest Aussie giant Westfarmers is eyeing a 3 to 4 per cent stake in Fletcher.
Company's share price closed at $5.85 on Friday, compared with a two-year high of $11.02.