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 sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.