Metro Performance Glass receives new takeover offer from competitor

Metro Performance Glass directors raised several issues with the offer. (Image: NZME)

Tue, 17 Dec 2024

New Zealand Exchange-listed Metro Performance Glass has received a new offer to buy the company from the owner of competitor Viridian NZ for 8 cents a share.The offer by CCP VI Bidco (NZ) to buy all of Metro shares was received late on Dec 16, and its directors have yet to respond to it.They were not yet able to comment on whether 8 cents a share was fair value or not. Metro has a market cap of $10.9 million. As at 11am on Dec 17, Metro's share price was 5.9 cents.'Considering all options'A company statement said the directors...

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