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)

Thu, 11 Jan 2024

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...

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