The biggest threat to Meridian’s partial privatisation is not its size or Mighty River Power’s post-float performance.
Taxpayers have handed over millions of dollars to the company hosting the opposition parties’ manufacturing inquiry.
The Advertising Standards Authority has declined to uphold a claim that the Mad Butcher’s logo “Best Price; Best Quality” claim is misleading.
Its shares dropped 2c to $1.55 soon after midday.
A prospectus will be registered later this week to raise up to $25 million.
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