Abano board puts takeover on backburner

Staff reporters
Mon, 22 Jun 2020

Abano Healthcare’s board doesn’t intend on pursuing a sale and is weighing up options to shore up its capital structure. The dental clinic operator last week confirmed it had received two new takeover offers at $3 and $3.25 per share from BGH Capital and the Ontario Teachers’ Pension Plan, but today said it won’t pursue that option. The bidders backed out of an earlier deal at $5.70 per share when the covid-19 pandemic sent financial markets into a tailspin. Abano’s board said it’s reviewing options...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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