Listed Companies

ACC pushes Infratil to talk with AustralianSuper

Dan Brunskill
Tue, 08 Dec 2020

ACC pushes Infratil to talk with AustralianSuper
Dan Brunskill
Tue, 08 Dec 2020
Accident Compensation Corp is urging Infratil’s board to talk with AustralianSuper saying the $5.37 billion offer “ticks all the boxes”. AustralianSuper has lobbed in a cash and share offer of $7.43 a share to buy local infrastructure investor Infratil, the brainchild of the late Lloyd Morrison.ACC is Infratil’s largest shareholder with a 5.9 percent stake. Portfolio manager Blair Cooper said he expected Infratil’s board to engage with the offer and will need “some pretty compelling arguments” if t...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance
NZ dollar appreciates on RBNZ 50 basis point hike
Ella Somers | Thu, 26 May 2022

The kiwi dollar was trading at US$0.65 and A$0.91 at 5pm in Wellington yesterday, up from US$0.64 and A$0.90 the day before.

Energy
Forget the hydrogen hype: show me the money – Meridian
Ian Llewellyn | Thu, 26 May 2022

There will be no 'If we build it, they will come' mentality in the decision-making process about making hydrogen in New Zealand.

Markets
Fisher & Paykel Healthcare can’t predict the future
Dan Brunskill | Thu, 26 May 2022

The company declined to give earnings guidance for the third straight year, saying it was too hard to predict.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager