![Canadian firm targets Tower Insurance](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Canadian firm targets Tower Insurance
The Tower board said the deal would not impact Tower insurance policies or the rights of policy holders.
The Tower board said the deal would not impact Tower insurance policies or the rights of policy holders.
Hellaby Holdings will delist from the NZX by March 8, after ASX-listed auto firm Bapcor succeeded in its $352 million takeover.
Harbour Asset Management has sold down its stake in Intueri Education Group.
Contact Energy, which last year said it would focus on reducing debt, is considering a $100 million offer of bonds it plans to list on the NZX debt market.
NZ shares gained, led by A2 Milk Co and Fisher & Paykel Healthcare, while Metro Performance Glass plunged after disappointing investors.
Intueri Education Group will quit Australia by the end of the year after losing federal government subsidies.
Cash trading volumes on the NZX slowed in January, continuing December's trend, while the value of trading rose despite fewer small trades.
Bapcor has succeeded in its $352 million takeover of Hellaby Holdings, in a move likely to lead to the breakup of the diversified investment group.
NZX-listed company Veritas has been given another extension to sell or close down the unprofitable grocery chain.
ASX-listed auto firm Bapcor edged closer to its takeover of Hellaby Holdings, lifting its holding to just below the 90 percent level.
Wall Street was mixed, even as the Dow hit a fresh record high.
Wall Street rose, pushing the Dow Jones Industrial Average above 20,000 for the first time.
Passenger revenue in the first six months of Air New Zealand's financial year has fallen sharply.
Wall Street rose amid better-than-expected corporate earnings including from DuPont.
Stocks fell on both sides of the Atlantic as Trump formally ordered the US to withdraw from the TPP.
ASX-listed auto firm Bapcor has installed four new directors at Hellaby Holdings after securing control of the New Zealand firm.
Abano Healthcare has used Healthcare Partners Holdings' interim dividend to offset the cost of a partial takeover.
The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn't entice a buyer.
The US dollar fell after President-elect Donald Trump said the currency was "too strong".
New Zealand shares dipped, led lower by Air New Zealand and Vector, with Arvida Group and Tegel Group Holdings rising.
New Zealand shares rose, with A2 Milk Co and high-yielding stocks such as Contact Energy and Genesis Energy gaining.
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.
Bapcor now owns more than half of Hellaby Holdings, and will waive its 90 per cent condition on its takeover offer.
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.