The Napier Port’s trading discount to Port of Tauranga is ‘unjustified’, Forbar says.
Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.
The company offers housing to baby boomers under a structure where people buy the house and not the land.
The airline says that a ‘significant’ proportion of the Manila call centre’s database is likely to have been stolen.
The $25m deal will acquire 2880ha of land near Tarras, for Santana's planned gold mine.
The stock slumped by 17% after the chief executive’s announcement.
Wellington software company needs to tap Australian small cap investors to fulfill its potential, says CEO.
The company maintains a prior proposal from an Aussie PE firm to acquire all of MPG’s shares was not in shareholders’ interests, despite that offer being worth more per share.
The retailer lowered earnings expectations after a challenging start to fourth quarter trading, which an analyst termed disappointing.