NZ sharemarket up on Manawa takeover proposal

There were 68 gainers and 56 decliners on the main board. (Image: Supplied)

Wed, 11 Sep 2024

Energy generator Manawa surged more than 30% on the New Zealand sharemarket after receiving a takeover proposal from Contact valued at $1.86 billion and supported by major shareholders.The S&P/NZX 50 Index ended slightly ahead after an up-and-down day.According to the NZX at just after 6pm, the NZX50 has gained 9.64 points or 0.08% to 12,642.47 with 26 million shares changing hands worth $103.7m.“I think half the market was listening to the amusing presidential debate in the United States,” Matt Goodson, managing director of Sal...

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