Lowball-offer rules working well, says FMA
Assurance follows warnings from Trustpower, Sky TV and Air NZ. With special feature audio.
The Financial Markets Authority says regulations to restrict so-called lowball share offers are working as planned, despite warnings from three listed companies targeted in the past week.
Last Friday Sky TV [NZX: SKT] and Trustpower [NZX: TPW] warned shareholders to be wary of unsolicited offers
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Tim Hunter
Thu, 28 Apr 2016
Thu, 28 Apr 2016
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Lowball-offer rules working well, says FMA
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