MARKET CLOSE: NZ shares rise as Metlifecare jumps on new takeover bid

MARKET CLOSE: NZ shares rise as Metlifecare jumps on new takeover bid
Dan Brunskill
New Zealand shares rose, led by Metlifecare after the retirement village operator received a new takeover offer from its on-again, off-again suitor, EQT.  The S&P/NZX 50 Index advanced 97.51 points, or 0.8 percent, to 11,656.21. Within the index, 34 stocks rose, 8 fell, and eight were unchanged. Turnover was $111 million. Metlifecare led the benchmark higher, jumping 10.3 percent to $5.76 after Swedish investor EQT made a new takeover bid at $6.00, a dollar less than the original offer but $1.78 more than Friday’s closing price of $5.22....

More Markets

Nothing to see here – Aussie regulator slams ANZ
Finance

Stock & Trade: Nothing to see here – Aussie regulator slams ANZ

FMA confirms eight complaints over NZ bond trading, but no action was taken.

Merger law reforms overdue and welcome
Markets

Merger law reforms overdue and welcome

What the proposed competition law changes could mean for future mergers

NZ sharemarket drops after weak GDP data
Markets Market Close

NZ sharemarket drops after weak GDP data

Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.

Tom Raynel 18 Sep 2025
Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Staff reporters 18 Sep 2025