Acurity independent directors back bonus issue in Connor takeover

Fri, 14 Nov 2014

By Paul McBeth Nov. 14 (BusinessDesk) - Acurity Health Group's independent directors have backed a two-for-11 fully imputed taxable bonus share issue as part of a takeover bid by Connor Healthcare, which wants to buy the 29 percent of the hospital operator it doesn't own. Acurity's committee of independent directors recommended the board approve the issue requested by Connor, which would cost the company almost $2 million in withholding tax on behalf of shareholders, Acurity said in a statement. The bonus issue was struck by Connor and Ac...
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.  Th...

Law & Regulation
SFO probes Labour Party on donations
Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

NZ dollar little changed as global shares defy worsening covid news
Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

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.