Sky fends off lowball bids with plan to claim missing million

Sky fends off lowball bids with plan to claim missing million
CEO Sophie Moloney says Sky's shares are undervalued. (Image: Supplied)
Paul McBeth
Sky TV is interested in looking at deals that will grow its rights content or the reach of its platforms, having had to contend with a number of lowball offers while its share price has languished. Chief executive Sophie Moloney told investors the company has retained investment bank Jarden to review any offers that deliver value for shareholders, but her team won’t lose sight of a three-year strategy outlined today in a three-hour presentation. “The board and I do not believe the current share price currently reflects the...

More Markets

NZX falls as Synlait and Mainfreight take hits
Markets Market Close

NZX falls as Synlait and Mainfreight take hits

Market reacts strongly to news of "challenges" at Synlait's Dunsandel plant.

'Slow and disappointing' start to the year for Mainfreight
Markets

'Slow and disappointing' start to the year for Mainfreight

The freight and logistics firm said profits were down across its three main divisions.

Ryman toils to rebuild shareholder confidence
Property

Ryman toils to rebuild shareholder confidence

"When is the total board going to resign?" asked one shareholder.

Synlait shares slump 11% even as outlook brightens
Primary Sector

Synlait shares slump 11% even as outlook brightens

The market is disappointed about manufacturing challenges.