Pushpay investors ponder takeover as NZX50 marches on

(Image: Chorus)

Mon, 31 Oct 2022

Pushpay Holdings was the most traded stock on New Zealand's market today as investors weighed up the merits of the $1.53 billion takeover offer. The S&P/NZX 50 index increased 208.89 points, or 1.9%, to 11,338.43. Across the main board, 100 stocks rose and 35 fell. Turnover was busy at $252.5 million, of which Pushpay accounted for $73.8m.The faith-based services software developed rose 5% to $1.25 when it resumed trading today, 9 cents shy of the $1.34 offer lobbed in by shareholders BGH Capital and Sixth Street, which coll...

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