Buller Electricity wins takeover of Pulse Energy as directors agree to sell

Sophie Boot
Wed, 30 Dec 2015

By Sophie Boot Dec. 31 (BusinessDesk) - Three of Pulse Energy's directors have accepted Buller Electricity's share offer, giving the South Island lines company more than 90 percent of the energy retailer's shares and the ability to enforce compulsory acquisition of the remaining stock. Pulse deputy chair Trevor Janes, whose trust Selenium Corp held 0.4 percent of the company, and director James Hoseason, who held 5.3 percent, have accepted Buller's offer for all their Pulse equity securities, while interests associated with director Peter...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Economy the chart
The escalating interest rate outlook
Andy Fyers | Thu, 26 May 2022

Interest rates are rising and so is the Reserve Bank's outlook for how high they will eventually go – and how soon.

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.

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