Brierley's Mercantile wins over Ask Funding board in sweeter takeover bid

Thu, 30 Jul 2015

By Paul McBeth July 30 (BusinessDesk) - Ron Brierley's Mercantile Investment has won over the board of takeover target Ask Funding after sweetening its offer last week. Brisbane-based Ask Funding today said its board has reconsidered the upgraded offer of 8 Australian cents per share and will recommend it to shareholders. Ask Funding has been winding down its businesses since 2011 and servicing its loan books to repay Bank of Western Australia, with a view to distributing surplus funds to shareholders. It rejected Mercantile's original...

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).