The local market followed Wall Street futures rather than Australia’s lead.
Independent directors decline to make recommendation as bidders go unconditional.
NZ Automotive warned in January its profit would fall this year.
Group CEO believes total market worth A$7b if farmers become aware of the product.
Relative newcomer swipes contract off frequent competitor, Downer.
Dairy processor reports a return to profit for the half year.
Airline backs its access to debt markets.
Shares to be issued at circa 61% discount to yesterday’s price.
Package includes heavily discounted $1.2b rights offer.
The $21.3m deal is now expected to settle in the second quarter.
