Abano's dissident shareholders to exit in discounted block trade

Paul McBeth
Wed, 16 Aug 2017

By Paul McBeth Aug. 16 (BusinessDesk) - Abano Healthcare is set to see the backs of dissident shareholders Peter and Anya Hutson and James Reeves, who plan to dump their collective 19 percent stake in the medical specialist investor for about $36.7 million.  Healthcare Partners, the vehicle the Hutsons and Reeves used to mount a failed partial takeover bid for Abano, will sell almost 4.1 million shares at $8.85 apiece and 817,000 tradeable rights for 70 cents each, through a block trade managed by First NZ Capital, NZX filings show. The b...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Law & Regulation
Conduct complaint upheld against quake claims lawyer
Victoria Young | Thu, 24 Sep 2020

However, Grant Shand says it's a win. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.