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. 

dwilliams@nbr.co.nz


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7269 -0.0020 -0.27%
AUD 0.9133 -0.0021 -0.23%
EUR 0.6092 -0.0021 -0.34%
GBP 0.5374 -0.0023 -0.43%
HKD 5.6771 -0.0148 -0.26%
JPY 81.6230 -0.3110 -0.38%

Commods

Commodity Price Change Time
Gold Index 1293.3 6.130 2017-09-22T00:
Oil Brent 56.4 0.420 2017-09-22T00:
Oil Nymex 50.7 0.110 2017-09-22T00:
Silver Index 16.9 -0.034 2017-09-22T00:

Indices

Symbol Open High Last %
NZX 50 7795.4 7814.8 7795.4 0.25%
NASDAQ 6401.4 6429.5 6422.7 0.07%
DAX 12569.7 12646.6 12600.0 -0.06%
DJI 22334.1 22364.3 22359.2 -0.04%
FTSE 7263.9 7320.3 7263.9 0.64%
HKSE 27949.8 27960.9 28110.3 -0.82%
NI225 20413.6 20417.1 20347.5 -0.25%
ASX 5655.4 5688.2 5655.4 0.47%