Abano directors cave to takeover by scheme of arrangement

Jenny Ruth
Mon, 11 Nov 2019

Directors of Abano Healthcare, which has a long history of fending off takeover offers, have not only capitulated to a bidder but have agreed to a scheme of arrangement, making it easier for the prospective buyer to gain control. Australia-based private equity firm, BGH Capital and the Ontario Teachers' Pension Plan Board are offering $5.70 per share, valuing Abano at $149.8 million. The bidding vehicle is called Adams NZ Bidco. Abano has agreed to suspend its dividend so will not be paying the first-half dividend it usually pays early ea...
PATTRICK SMELLIE: What do the Nats do now?
Pattrick Smellie | Tue, 14 Jul 2020

Todd Muller's only job as National Party leader was to lose the election better than it seemed Simon Bridges was destined to do. Whoever replaces Muller has an even simpler task: save as much of th...

Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

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.