MARKET CLOSE NZ shares rise, led by F and P Appliances on takeover talk

MARKET CLOSE NZ shares rise, led by F and P Appliances on takeover talk
Sept. 10 (BusinessDesk) - New Zealand shares rose, led by Fisher & Paykel Appliances, which soared to a four-year high after major shareholder Haier of China indicated it may buy the whole company. Telecom paced declining stocks. The NZX 50 Index rose 4.72 points, or 0.1 percent, to 3726.90. Within the index, 20 stocks rose, 26 fell and four were unchanged. Turnover was $88 million. Shares in Fisher & Paykel Appliances climbed 29 percent to 97. Haier, which currently owns 20 percent of the Auckland-based firm, has indicated it may offer to...