Forsyth Barr sees major obstacles for claim challenging the legality of SkyCity’s online casino.
Chair Susan Paterson replaced by John Scott as company takes $150m impairment on North American business.
Entry price of 32 cents puts the junior miner on a market capitalisation of $60.7 million.
Controlling shareholder Agria says its shock ousting of incumbent Garry Moore was ‘an opportunity to refresh the board’.
Alan Bougen believes he has garnered enough support to veto the proposed acquisition.
John Nichol returns to the board after chair and independent director ousted in AGM ambush.
The scheme consideration of 80 cents a share has come within independent adviser Grant Samuel’s valuation range of 70c to 92c a share.
The fast food group’s majority shareholder attributed its declined share price to ‘structural issues’ associated with the listing.
Chair Garry Moore and director Sarah Brown voted off the board by Agria and ASX-listed Elders.
New CEO Nuno Matos said that while the New Zealand operations were performing well, the core Australian businesses were behind the competition.
