Markets

Leaks were deliberate but inconsequential, says Mercury CFO

Dan Brunskill
Mon, 19 Apr 2021

Dan Brunskill
Mon, 19 Apr 2021
Mercury NZ’s chief financial officer (CFO) says confidential information was deliberately leaked during negotiations with Tilt Renewables, but it had no impact on the outcome.On Thursday, Tilt announced it had received a rival takeover bid that threatened to displace an agreement made with Mercury and its partner PowAR.Details of the bid quickly leaked to Australian media, revealing a Canadian super fund was offering $8 per share.Mercury’s CFO, William Meek, told BusinessDesk the leak was a clear breach of confidentiality agreements...

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