Buller may make full takeover bid for Pulse

Wed, 09 Sep 2015

By Suze Metherell Sept. 10 (BusinessDesk) - Lines company Buller Electricity may make a full cash takeover for the 44 percent of small-scale electricity retailer Pulse Electricity that it doesn't already own in partnership with an undisclosed third party. Pulse, which has been in a trading halt since Tuesday, has formed a committee of independent directors, chaired by Trevor Janes, to consider the potential transaction, it said in a statement. The Auckland-based electricity retailer said a price was not known, but it is understood Buller...

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