Abano confirms new takeover bid; mulls capital raising

Staff reporters
Wed, 17 Jun 2020

Abano Healthcare confirmed media reports that BGH Capital and the Ontario Teachers’ Pension Plan have made two new takeover bids at $3 and $3.25 per share.The dental clinic operator said any offer needs to reflect the firm’s underlying value and provide shareholders certainty, noting that the bidders had backed out of an earlier deal at $5.70 per share in March when the covid-19 pandemic’s impact on financial markets was in full swing.Abano’s board is considering other options, including a capital raising of between $50...
Election 2020
ELECTION 2020: Boag quits Nats; confirms more patient leaks
Victoria Young | Fri, 10 Jul 2020

Long time National Party member Michelle Boag has quit the organisation and admitted she sent patient details to opposition immigration spokesperson Michael Woodhouse.Woodhouse, in a statement, said h...

Primary Sector
Emissions, water settings will put brakes on export plans - economists
Brent Melville | Fri, 10 Jul 2020

Greenhouse gas commitments and freshwater settings have tempered New Zealand’s export goals for the next decade, which would otherwise be a whole lot more ambitious, economists say. The government'...

Markets
MARKET OPEN: Smelter impact may linger over local market; dour Wall St won't help
Rebecca Howard | Fri, 10 Jul 2020

New Zealand investors may continue to bail out of electricity generator-retailers after news the Tiwai Point smelter will be closed in just over a year, and a mixed night on Wall Street won’t help sen...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.