UPDATE: Suncorp builds 11% stake in Tower

Article – BusinessDesk

Feb. 22 (BusinessDesk) – ASX-listed insurer Suncorp Group has built an 11 percent stake in Tower and put forward a rival takeover offer for the NZX-listed general insurer. Read more »

Tower chair cautions shareholders over Suncorp offer

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Tower chairman Michael Stiassny is warning shareholders to tread carefully over the offer to buy their shares from ASX-listed insurer Suncorp Group, which owns rival Vero Insurance. Read more »

Tower notes Suncorp unsolicited off-market share offer

Press Release – Tower Ltd

Tower Limited (NZX/ASX: TWR) understands that Suncorp Group Limited and affiliated companies (ASX: SUN) acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower at a fixed price of NZ$1.30 per share, … Read more »

Spark NZ Seeks Short-Term Pause

Press Release – Spark NZ

Pause would enable time for all parties to fairly consider their legal options before merger became a fait accompli Read more »

36 hours of scrutiny essential on Vodafone-Sky merger

Press Release – Internet NZ

InternetNZ has advised the High Court it supports telecommunications companies requests to delay the proposed merger between Vodafone New Zealand and Sky Network Television by 36 hours, in the event this merger is allowed to proceed by the Commerce … Read more »

Abano recommends investors reject increased Healthcare offer

Article – BusinessDesk

Feb. 17 (BusinessDesk) – Abano Healthcare recommended investors continue to reject a partial takeover bid for the medical investor after Healthcare Partners raised its offer price yesterday. Abano also refused to allow access to its books to pave … Read more »

Contract and Commercial Law Bill passed

Press Release – New Zealand Government

Legislation to modernise and bring together important law underpinning contracts and commercial transactions passed its third reading in Parliament today, Attorney-General Christopher Finlayson said. Read more »

Landcorp Farming name ‘too 80s’; should rebrand as ‘Pamu’

Article – BusinessDesk

Feb. 16 (BusinessDesk) – State-owned enterprise Landcorp Farming, which is trying to move its business away from mass commodities and into higher value branded contracts, should change its name to reflect its new identity, Labour MP Rino Tirikatene told … Read more »

UPDATE: Spark considering options

Article – BusinessDesk

Feb. 16 (BusinessDesk) – Spark New Zealand is considering its next move after Sky Network Television said it won’t delay a planned merger with Vodafone New Zealand for a few days to allow for appeals if the deal gets regulatory approval next week. Read more »

NZWSI Market Report: Wool Firms More

Press Release – New Zealand Wool Services International

New Zealand Wool Services International Ltds Marketing Executive Malcolm Ching, reports that of the original 15500 bales intended for sale from both centres, 2500 bales were withdrawn by growers prior to the auction with the balance of 13000 bales … Read more »

Sky TV refuses to delay merger

Article – BusinessDesk

Feb. 16 (BusinessDesk) – Sky Network Television says it won’t delay a merger with Vodafone New Zealand to give other telecommunications companies time to appeal it in court if the transaction is approved by the Commerce Commission. Read more »

Goods & Services Trade by Country: Year ended September 2016

Press Release – Statistics New Zealand

Due to the Kaikoura Earthquake on 14 November 2016, the full Goods and Services Trade by Country: Year ended September 2016 release was cancelled. We are now able to provide the data from this release in machine-readable zipped csv files. These zipped csv … Read more »

“Haukunui”

Press Release – Ngati Kahungunu

Heretaunga Haukunui is a classical saying describing the thick fog that hovered over Heretaunga when the first arrivals landed here centuries ago. The fog was the symbol of warm land, life enriching waters and a veritable breeding ground of fish, … Read more »

Pacific Edge undertakes $8 million share placement

Article – BusinessDesk

Feb. 15 (BusinessDesk) – Cancer diagnostics company Pacific Edge has undertaken an $8 million share placement to institutional and other select investors in New Zealand in order to shore up its balance sheet. Read more »

Christchurch Airport lifts 1H profit

Article – BusinessDesk

Feb. 15 (BusinessDesk) – Christchurch International Airport, which is 75 percent owned by the city council, posted a 13 percent lift in profit after a record number of passengers in the first half of the financial year. Read more »

Postr launches Singapore and Australia offices

Press Release – Postr

SINGAPORE, 15 February 2017 New Zealand adtech startup, Postr, today announced the opening of its Singapore and Australia offices. The new locations mark the first step by the brand to expand its footprint out of its Wellington headquarters and … Read more »

The Conference Company opens Sydney office

Press Release – The Conference Company

15 February New Zealands biggest and most internationally connected convention and event organiser, The Conference Company, will this month open its first dedicated off-shore office in the heart of Sydneys CBD. Read more »

Pacific Edge Undertakes $8m Share Placement

Press Release – Pacific Edge

Cancer diagnostics company Pacific Edge Limited (NZX:PEB) has undertaken an $8.0 million share placement to institutional and other select investors in New Zealand. Read more »

Rubicon, private investors agree to buy Tenon’s Clearwood

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Rubicon, the NZX-listed forestry biotech company that controls Tenon has teamed with US and New Zealand investors to agree to buy the wood processing company’s remaining asset, the Clearwood manufacturing business, for US$55 million, … Read more »

NZOG sells 27.5% stake in Tui oil field for US$750,000

Article – BusinessDesk

Feb. 14 (BusinessDesk) – New Zealand Oil & Gas, which is on the prowl for new investment opportunities, has sold its 27.5 percent stake in the Tui oil fields off the coast of Taranaki for US$750,000. Read more »

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