Wake up and smell the takeovers: M&A 2024 outlook

Wake up and smell the takeovers: M&A 2024 outlook
Fund manager Shane Solly says Sky TV's takeover bid should be a lesson for NZ companies. (Image: Sky TV)
Rebecca Stevenson
A leading fund manager says no one is safe from mergers and acquisitions in 2024. Harbour Asset Management portfolio manager Shane Solly said New Zealand was “really ripe for M&A (mergers and acquisitions)”, with a number of firms lacking global or even Australasian scale undervalued by public markets but were “go forward propositions” generating good cash. He said M&A had heated up at the end of 2023 in Australia and NZ but there was a gap between public and private market valuations due to the hi...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025