Leaks hurt Ebos deal, but they didn't sink it

Leaks hurt Ebos deal, but they didn't sink it
No deal, as Ebos tried to soothe the market with an update on four months of trading. (Image: Ebos)
Rebecca Stevenson
New Zealand sources with knowledge of the failed Ebos buyout of an Australian vets and pets company say its extraordinary regulators turn a blind eye to the rampant leaks to the media. Listed company Ebos was forced into a trading halt after Australian media reported it would ink a deal to buy private equity-backed firm Greencross for more than $4 billion with support from AustralianSuper. However, after an extended trading halt, Ebos told markets the unnamed transaction wasn’t going ahead and smoothed the negative new...

More Markets

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024
Analysts upbeat about Tower's latest guidance
Markets

Analysts upbeat about Tower's latest guidance

The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024