Takeovers Panel will meet on NZME issue

NZME's board is under siege. (Image: NZME)

Fri, 04 Apr 2025

The Takeovers Panel said it will convene a meeting to determine whether Jim Grenon's NZME share acquisitions were in compliance with the Takeovers Code.The panel announced in a media release on Friday afternoon that it had met to discuss Grenon’s shareholding.Grenon wants to remove board members at NZME, the NZX-listed owner of NZ Herald and BusinessDesk.“The Panel has made preliminary inquiries as to whether Mr Grenon was an associate of Caniwi Capital Partners Limited and Spheria Asset Management Pty Limited for the purposes o...

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