Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Exchange says work on rebrand planning began some years ago, but design and implementation only kicked off this year.
Analysts at Forsyth Barr drop recommendation to ‘neutral’ from ‘outperform’.
One analyst sees an 80% chance of ComCom approval for Contact’s Manawa buy, another sees 50%. Both see political point scoring as the main risk.
What’s causing a rapid upsurge in the cancer diagnostic company’s share price over the past week?
Company tells shareholders its brand is strong and resilient – with upside potential – despite some negative Google reviews.
Special meeting approves crucial $217.8m share issue to Bright Dairy and A2 Milk.
A week before Naomi James was announced as retirement village operator’s new CEO, she spoke to NBR about managing the transformation of Channel Infrastructure.
The funds will be used to expand to the US and Southeast Asia.
The shareholders’ association says it prefers entitlement offers, as airport looks to maintain its credit rating amid capex spend-up.