An offer from US company Bourns of $1.55 a share has cleared the 90% acceptance threshold.
UPDATE: ANZ Investments, holder of 2.7%, now says it too will vote against the ‘opportunistic’ scheme.
Earnings, margins, revenue hold up, but macro-economic conditions and Cyclone Gabrielle impact on customers the big unknown.
Electricity distribution sector needs scope to spend more on climate resilience, says CEO.
Guidance for full-year earnings held steady, Turitea wind farm due for completion in April.
This follows ACC, Pushpay's largest independent shareholder, saying yesterday it would vote against $1.34 a share takeover offer.
Half-year result ‘a great achievement’ in challenging market, says CEO.
Solid HY result sets the scene for opportunities and expansion over the Tasman.
Analysts says near-term recovery from weak consumer demand appears increasingly unlikely.
ACC says the $1.34 bid undervalues the company.