When F&P Appliances will be delisted
Steel & Tube has already taken F&P Appliances' place in the NZX50.
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Trading of shares in Fisher & Paykel Appliances (NZX: FPA), which has been taken over by Chinese whiteware giant Haier, will halt on Thursday.
In a note to the NZX today, the market operator's client and market services section says this will be followed by delisting next Tuesday.
Haier reached the 90% compulsory acquisition mark of F&P earlier this month after increasing its offer to $1.28 per share.
Steel & Tube has already replaced F&P in the NZX50.
Since it was added to the index on November 14, shares (NZX: STU) have dropped three cents to $2.17 – although it is up almost 1% on trading to 1pm today.
STU shares started the year at $2.11.
David Williams
Mon, 19 Nov 2012
Mon, 19 Nov 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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When F&P Appliances will be delisted
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