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...

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