Bega buys rights to Vegemite, Kraft brands from Mondelez

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Australian-listed dairy company Bega Cheese will buy the bulk of Mondelez International’s trans-Tasman grocery business, including the flagship Vegemite brand, for A$460 million. Read more »

Top tier firm bucks trend in Chambers rankings

Press Release – Minter Ellison Rudd Watts

Chambers Asia-Pacific, a highly regarded UK based legal research directory, has released its 2017 guide ranking top law firms, and again MinterEllisonRuddWatts progress towards being the best commercial law firm in New Zealand is highlighted. Read more »

Postr raises $3 million from NZVI

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Postr Media, an ad-tech company which has contracts with Skinny Mobile and Optus in Australia, has raised $3 million from investors including the New Zealand Venture Investment Fund in its first significant raising. Read more »

NZ Oil & Gas takes control of Cue Energy

Article – BusinessDesk

Jan. 17 (BusinessDesk) – New Zealand Oil & Gas has taken control of Cue Energy Resources almost two years after launching a hostile takeover of ASX-listed company saying the move provides exposure to production and exploration interests in Australia, … Read more »

POSTR raises $3 million for APAC expansion

Press Release – Postr

New Zealand based ad-tech company Postr has attracted $3 million from investors to expand into telecommunications markets in Australia and South East Asia. Read more »

Veritas gets extension on Nosh sale deadline

Article – BusinessDesk

Jan. 16 (BusinessDesk) – ANZ Bank New Zealand has agreed to extend the deadline for Veritas Investments to either sell or begin winding up its Nosh food supermarkets until the end of the month. Read more »

Bendon deal would provide lifeline for Naked Brand

Article – BusinessDesk

Jan. 16 (BusinessDesk) – NBR rich lister Eric Watson’s plan to merge his lingerie maker Bendon with New York-headquartered Naked Brand would provide a lifeline for the unprofitable company, which is on notice to maintain stockholder equity or risk … Read more »

UPDATE: Hellaby directors change tune

Article – BusinessDesk

Jan. 16 (BusinessDesk) – The independent directors of Hellaby Holdings now support a takeover bid by ASX-listed auto parts firm Bapcor after the offer was declared unconditional. Read more »

Bapcor lifts interest in Hellaby to 56%

Press Release – BusinessDesk

Jan. 16 (BusinessDesk) – Bapcor, the ASX-listed autoparts firm, lifted its interest in Hellaby Holdings to 56 percent from 52.5 percent after declaring its takeover unconditional and extending its offer by three weeks. Read more »

Hellaby Recommends Shareholders Accept Bapcor Offer

Press Release – Hellaby Holdings

Bapcor Finance Pty Limited has now declared its offer unconditional, having received acceptances for more than 50% of the shares on issue in Hellaby Holdings Limited (NZX: HBY). As a consequence, Hellabys Independent Directors now recommend that … Read more »

Bapcor offer for Hellaby goes unconditional

Article – BusinessDesk

Jan. 13 (BusinessDesk) – Bapcor’s takeover offer of Hellaby Holdings has now been declared unconditional, with shareholders who have accepted the offer to receive $3.60 per share within the next 7 days. Read more »

Comvita expects to realise $30M from sale of Medihoney

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Comvita, the manuka honey products company, has sold its Medihoney brand to US partner Derma Sciences for about $19 million, and will reap a further $11 million selling Derma shares in a takeover offer of the Nasdaq-listed … Read more »

Pushpay in talks with large US vendors over product offering

Article – BusinessDesk

Jan. 11 (BusinessDesk) – Pushpay Holdings says it’s moving up the value chain and is in talks with large US vendors about its expanded product offering, after confirming it’s on track to reach US$72 million in annualised committed monthly revenue (ACMR) … Read more »

Bapcor and Hellaby directors to meet

Article – BusinessDesk

Jan. 11 (BusinessDesk) – Directors of Bapcor and Hellaby Holdings are to meet on Thursday and Friday of this week, with Hellaby’s board planning to issue an updated recommendation to shareholders “as soon as is practicable”. Read more »

ANZ sells UDC Finance to China’s HNA Group for $660 million

Article – BusinessDesk

Jan. 11 (BusinessDesk) – ANZ Bank New Zealand has sold UDC Finance to HNA Group for $660 million, marking the Chinese company’s first foray into New Zealand. Read more »

Augusta drops legal action against NPT

Article – BusinessDesk for Yahoo

Jan. 11 (BusinessDesk) – Augusta Capital has dropped its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid, with a notice of meeting to be issued in February. Read more »

ANZ announces sale of UDC Finance

Press Release – ANZ Bank

ANZ Bank New Zealand Ltd announced today it has agreed to sell its asset finance business, UDC Finance, for NZ$660 million to HNA Group, a Fortune Global 500 company focused on tourism, logistics and financial services. ANZ New Zealand CEO David Hisco … Read more »

Bapcor’s Offer Remains Conditional Pending Clarity

Press Release – Hellaby Holdings

The Board of Hellaby Holdings Limited (NZX: HBY) notes that while Bapcor Finance Pty Limited has waived the 90% acceptance threshold following its receipt of acceptances in excess of 50% of Hellaby shares, its offer remains subject to a number of other … Read more »

AMINZ welcomes honour

Press Release – Arbitrators’ and Mediators’ Institute of NZ

FOR IMMEDIATE RELEASE ARBITRATORS AND MEDIATORS INSTITUTE OF NEW ZEALAND 6am, Monday, Jan 1, 2017 Read more »

Make 2017 the Year of E-Fairness, Says Retail NZ

Press Release – Retail NZ

Retail NZ is calling on the Government to make one of its 2017 priorities the closure of a tax loophole that allows foreign retailers not to pay their fair share of tax when selling low value goods to New Zealanders. Read more »

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