Grenon offers terms to end ‘futile’ NZME board stoush

Grenon offers terms to end ‘futile’ NZME board stoush
NZME's board has released the latest letter from investor Jim Grenon. (Image: NZME)
Pattrick Smellie
The leader of a boardroom coup at New Zealand Exchange-listed publisher NZME is urging the board to accept terms quickly, claiming a clear majority of shareholders is emerging to support his initiative and that resistance is “futile”.The letter affirms much of BusinessDesk's reporting earlier, which revealed Jim Grenon will consider putting NZME chief executive Michael Boggs on the board. In a new eight-page letter, Grenon ratchets up the pressure on the board and its chair, Barbara Chapman, to announce their resi...

More Finance

Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025
Washington plans to open private funds to more investors
Finance

Washington plans to open private funds to more investors

 Momentum builds to change rules blocking most Americans from investing in private equity.