'Amateurs': NZME shareholder turns on board coup plotter Jim Grenon

'Amateurs': NZME shareholder turns on board coup plotter Jim Grenon
The battle for NZME's board rolls on. (Image: NZME)
Rebecca Stevenson
A vocal NZME shareholder has withdrawn his support for any director nominees put forward by businessman Jim Grenon. Shareholder Roger Colman said on Tuesday voting for “the Grenon team” was dangerous for NZME’s future, citing lack of media and listed company experience. Private equity founder Grenon has been waging a campaign to roll the media firm’s board and join it as chairman, along with three other proposed directors. On March 31, the NZME board pushed back its scheduled annual general meeting to June...

More Markets

All is not necessarily lost for Pacific Edge – Forsyth Barr
Markets

All is not necessarily lost for Pacific Edge – Forsyth Barr

Pacific Edge shares fell 26% to 8.4 cents on Monday, but “all is not necessarily lost”, said Forsyth Barr analysts.A local coverage determination in the United States means the company will no longer receive reimbursement for its Cxbladder tests from Medicare. Centres for Medicar...

Fonterra's plans unchanged despite court ruling
Primary Sector

Fonterra's plans unchanged despite court ruling

Bega reiterates its interest in Oceania business. 

Rakon reveals Chinese customer dropped
Markets

Rakon reveals Chinese customer dropped

High-tech manufacturer also says it had more than one interested buyer for the business.

Millennium Copthorne independent directors reject new offer but there is a caveat
Markets

Millennium Copthorne independent directors reject new offer but there is a caveat

Millennium & Copthorne Hotels New Zealand (MCK) independent directors recommended that minority shareholders steer clear of an increased offer from CDL Hotel Holdings NZ (CDLHH), but there was a caveat. In January, the subsidiary of the Singapore Stock Exchange-listed City Develo...