The listed jeweller is slimming down to focus on its two main brands.
Australian businessman Philip Bowman has built up significant shareholding in the NZX-listed hospitality group over the past few days.
The company was hit with a ‘please explain’ notice by the market watchdog after its shares nearly doubled in the past month.
The retailer’s namesake brand reported a $12.2 million operating loss for the year.
Rival’s desire to take the company private will require the blessing of the competition regulators on both sides of the Tasman.
The deal will require clearance from competition regulators on both sides of the Tasman.
The Australian government has shifted towards a user-pays model for the aged care system that should benefit Ryman, which dual-listed on the ASX yesterday.
The company says ‘additional audit procedures’ have resulted in a delay.
The NZX-listed hospitality company is working toward paying a dividend and repairing its share price.
ACC, which holds about 4.7% of the company, has entered a lock-up deed on the $5.05 a share offer.