Pushpay board pushes $1.53b takeover

Pushpay board pushes $1.53b takeover
(Image: Pushpay)
Staff reporters
Pushpay Holdings’ board has recommended shareholders accept a takeover bid valuing the company at $1.53 billion by shareholders BGH Capital and Sixth Street, which would mean its owners reap a 13% gain on the company’s last trading price. The bidders are offering $1.34 per share in cash. When trading was halted today Pushpay had been trading at $1.19. The offer was based on the “undisturbed” share price of $1.03 before talk about a takeover bid become public.Pushpay was trading at 1.30 in January.Shares of the churc...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.