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Little guy controls F&P's fate
Retail shareholders have the power to block China's Haier from pulling off its full takeover bid for Fisher & Paykel Appliances - which would allow it to remain listed on the NZX.
Haier makes cash offer for F&P
Haier has offered to buy the 80 per cent of Fisher & Paykel Appliances it doesn't already own for $1.20 a share, valuing the New Zealand company at about $869 million.
F & P shares soar on Haier bid move
Shares of Fisher & Paykel Appliances have soared after 20pc shareholder Haier of China indicated it may launch a full takeover.