Manawa shareholders should consider switching to Contact, say Forsyth Barr analysts

Manawa shareholders should consider switching to Contact, say Forsyth Barr analysts
Infratil has more to lose than Contact if the takeover of Manawa is declined, the analysts say. (Image: Manawa)
Ian Llewellyn
Manawa Energy shareholders should consider switching to Contact Energy as the takeover play under way unfolds, say analysts at Forsyth Barr.Contact has entered a scheme of implementation intending to take a 100% share of generator Manawa.The deal values Manawa at approximately $2.3 billion, compared to its market capitalisation of $1.26b based on the $4.03 share price before the offer was announced.Contact would pay a combination of 0.5719 Contact shares for each share held by Manawa shareholders and a cash payment of $1.16 per Manawa share.Con...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.