Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Drew Davies has resigned from the company with ‘immediate effect’, weeks after the company rebuffed a takeover offer.
The dual-listed Central Otago gold mining company’s stock jumped 3.4% in early NZX trading.
Complaint, seen by NBR, lays out surge in trading activity ahead of announcement Sir Stephen Tindall and PE firm were teaming up on acquisition.
Despite Withers’ past involvement with the Tindall Foundation, the retailer is confident she acts in the best interests of all shareholders.
Private equity bid has acted as a catalyst for a re-rating of retirement sector counters, considered significantly undervalued.
UPDATE: Devon Funds head of retail Greg Smith says some shareholders may be tempted at potential bid between $1.50 and $1.70.
Low lake levels have triggered a further demand response notice under the power contract with NZAS.
NBR Lister and struggling retail group’s founder has teamed up with PE firm Adamantem Capital to acquire Warehouse shares.
The last seven weeks of the fiscal year have been more positive for the jewellery brand, although over the year New Zealand sales were down.