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.
A potential oil price shock could put pressure on New Zealand households and businesses, analysts say.
NYSE-listed Shift4 Payments offers $1.20 a share in cash.
Trade-related software company also continues to explore further capital sources including both debt and equity.
The company had been urged to reject ‘lowball’ offer from Hong Kong billionaire Li Ka-shing.
The pre-IPO airline ‘lacks an economic moat’ and its business could be eroded by more competition.
A consortium of BGH and the family interests of Luke and Karl Trouchet are looking to acquire the company.
However, Wellington-based investment firm reports higher annual income and improved valuations.
The sale of inventory has reduced net debt by $18.6m, but additional action is needed, says the honey company.
The listed campervan company's shares have boosted more than 50% today on the news a consortium of BGH and the family interests of Luke and Karl Trouchet had made a takeover offer.