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Hot Topic Budget 25
Investment
4 mins to read

Arvida shareholders vote in favour of $2b Stonepeak takeover

Getting a $1.70 per share takeover offer when trading at $1.05 ‘really tests your mettle’: Arvida chair Anthony Beverley.

 

One of Arvida's Queenstown properties.

Arvida shareholders have voted in favour today of New York-based Stonepeak’s $2 billion offer for the retirement village operator which celebrates its 10th anniversary this December.

The total vote was 99% in favour of the deal, representing 70% of total issued capital which was well above the

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Fiona Rotherham Wed, 25 Sep 2024
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Arvida shareholders vote in favour of $2b Stonepeak takeover
Investment,
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