Brierley makes new offer for Kirkcaldie assets at 7% premium

Jonathan Underhill
Thu, 11 Aug 2016

By Jonathan Underhill Aug. 11 (BusinessDesk) - Ron Brierley's Mercantile NZ has given notice of a new offer for the cashed-up former retailer Kirkcaldie & Stains, amounting to a 7 percent premium on its last traded price but still below the wash-up value of the business. Mercantile, the third-largest shareholder in the company now called Wellington Merchants, would offer $3.45 per share cash for the remainder. Merchants stock last traded at $3.22. Brierley's approaches have so far been spurned by the directors of Merchants. Mercantile...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Red Stag engineers deal with Timberlab
Brent Melville | Tue, 09 Aug 2022

Rotorua-based Red Stag sees the engineered timber group as the glue that will fit the missing pieces of the puzzle together.

Full Page FREE
Register: Prospa webinar – how small businesses can do digital transformation better
Staff reporters | Tue, 09 Aug 2022

The third and final webinar will focus on how small businesses can do digital transformation better and it will go live at midday on Monday, 15 Aug.

The Quiz FREE
QuiznessDesk, Tuesday, Aug 09, 2022
The Quizmaster | Tue, 09 Aug 2022

The wettest month on record has passed, so it's time to enjoy your daily quiz while basking in the sunlight. 

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).