Takeovers Panel clears Grenon's NZME bid

NZME shareholders have plenty to think about. (Image: NZME)

Wed, 07 May 2025

A Takeovers Panel inquiry has cleared NZME board coup initiator Jim Grenon of being an “associate” of the publisher’s largest shareholder, removing another obstacle to resolving the battle for board control.The panel did rule that Grenon was an associate of Caniwi Capital at the relevant time, which held 1.674% of the NZME register at the time, but that since their combined interest was below 20% of the company, there was no code breach.Spheria owns 19% of NZME, publisher of The New Zealand Herald and BusinessDesk, a stri...

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