Fund manager Allan Gray follows through on threat to vote against the re-election of directors as shareholder questions ‘selective leaking’ of news to Australian journalists.
About 53 million shares were not taken up, and will need to be covered by the underwriters.
The ‘conservative’ retailer says it isn’t scared of borrowing as it seeks external funding.
The California-based hedge fund’s previous campaigns may explain why it wants to get on listed media company’s board.
NZME has disclosed the names of Grenon’s three director nominations, as well as two suggestions from the company’s 6.5% shareholder Osmium Partners.
Craigs Investment Partners investment director Mark Lister says the local market is holding up better than the Wall Street's main indices.
Forsyth Barr analysts note the fall in hydro storage since the start of the year is double levels seen in the last 28 years.
The deal means the company has fended off administration, for now.
The company, whose shares are suspended from trading, now has a board lacking any AI expertise, the CEO tells NBR.
Minister responsible for the review has told stakeholders a bill could be introduced in this parliament, after previously saying it would come after the next election.
