Pushpay shareholders block $1.5b buyout

Pushpay shareholders block $1.5b buyout
(Image: Supplied)
Dan Brunskill
BGH Capital and Sixth Street’s bid to take Pushpay Holdings private at $1.34 a share has failed, with a third of proxy votes opposing the deal. Pushpay said it received proxy votes for 80% of the total number of shares on issue, with only 67% of those voted in favour of the scheme of arrangement.“Absent a material change in the votes of shareholders who have already cast proxy votes, the scheme will not receive the required 75% majority,” the company said in a statement.The stock has been in a trading halt since midd...

More Markets

RBNZ rate cut lifts sharemarket, high‑yield stocks climb
Markets Market Close

RBNZ rate cut lifts sharemarket, high‑yield stocks climb

The S&P/NZX 50 Index closed up 0.27% or 37.19 points.

Tom Raynel 08 Oct 2025
ASB, IAG legal payouts prompt differing verdicts
Markets

ASB, IAG legal payouts prompt differing verdicts

ASB flagged the class action as a contingent liability.

Gregor Thompson 08 Oct 2025
Dairy prices fall for fourth straight auction, whole milk powder down 2.3%
Primary Sector

Dairy prices fall for fourth straight auction, whole milk powder down 2.3%

Prices have slipped again in the latest Global Dairy Trade auction, held overnight on Tuesday, with a 1.6% dip across the board.This was the fourth consecutive decline, following a 0.8% slide at the previous auction, a 4.3% decrease before that, and a 0.3% drop on Aug 19.Whole mi...

Staff reporters 08 Oct 2025
ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

Andy Macdonald 08 Oct 2025