Abano board repeats warning to shareholders about Hutson offer, urges them to wait

Paul McBeth
Wed, 16 Nov 2016

By Paul McBeth Nov. 17 (BusinessDesk) - Abano Healthcare's board has reiterated its advice that shareholders should wait for a formal recommendation before accepting a partial takeover offer from dissident shareholders Anya and Peter Hutson and James Reeves, with the board's early view that it's not in investors' best interests.  Chairman Trevor Janes and directors Pip Dunphy, Ted van Arkel and Danny Chan have told shareholders not to commit to the $10 a share offer from Healthcare Partners Holdings, an entity set up by the Hutsons and Re...
NZ banks' credit losses to rise to 12x 2019 level - S&P
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New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

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