Forbarr gives MHM takeover offer the thumbs up

Forbarr gives MHM takeover offer the thumbs up
The NZX-listed food processing and packaging company is attracting international interest. (Image: MHM)
Staff reporters
Wealth management firm Forsyth Barr says it’s supportive of the announcement from automation company MHM Automation last week that US-based Bettcher Industries wants to buy MHM through a scheme implementation agreement.Forbarr analysts James Lindsay and Will Twiss said in a note on Monday that they viewed the scheme implementation agreement (SIA) “as an opportunity for shareholders to capitalise on recent solid execution”.MHM Automation told the market last week that it had received a takeover offer from Bettcher Industries wh...

More Markets

NZ sharemarket ends week down 0.8%
Markets Market Close

NZ sharemarket ends week down 0.8%

The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

Graham Skellern 24 Jan 2025
Being AI vs Clare Capital: $150k settlement reached
Markets

Being AI vs Clare Capital: $150k settlement reached

Being AI filed defamation proceedings against Clare Capital and its directors in April.

John Anthony 24 Jan 2025
Akaroa King Salmon boss steps down after 23 years
Primary Sector

Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

John Anthony 24 Jan 2025
Blair Turnbull named CEO of Milford Asset Management
Markets

Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Staff reporters 24 Jan 2025