Forager sees strong share gain for NZME if merger approved, less downside if it isn't

Mon, 01 May 2017

By Jonathan Underhill May 1 (BusinessDesk) - NZME shares are likely to rally if the Commerce Commission approves its merger with Fairfax Media's New Zealand unit this week but if the deal is shot down the stock may not fall as much, says Sydney-based Forager Funds Management, which owns 9.1 percent of the newspaper and radio group. The antitrust regulator will announce on May 3 whether it will allow a merger between the country's two dominant newspaper publishers, having indicated in its draft decision last November that it wouldn't allow...

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