Member log in

When F&P Appliances will be delisted

Trading of shares in Fisher & Paykel Appliances (NZX: FPA), which has been taken over by Chinese whiteware giant Haier, will halt on Thursday.

In a note to the NZX today, the market operator's client and market services section says this will be followed by delisting next Tuesday.

Haier reached the 90% compulsory acquisition mark of F&P earlier this month after increasing its offer to $1.28 per share.

Steel & Tube has already replaced F&P in the NZX50.

Since it was added to the index on November 14, shares (NZX: STU) have dropped three cents to $2.17 – although it is up almost 1% on trading to 1pm today.

STU shares started the year at $2.11.

More by David Williams