Arvida takeover approved, another listing bites the dust

(Image: NZME)

Wed, 25 Sep 2024

A Shareholders’ Association chief regrets the $1.2 billion takeover of retirement business Arvida Group, saying it was not good for New Zealand investors.Grant Diggle of the Auckland branch of the association expressed regret about the takeover by United States private equity business Stonepeak, which shareholders approved.“This is a sad day, especially for a company as well-run as Arvida. We regard this as like a death in the family but we are supporting the scheme because we believe it&rsquo...

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