MIDDAY UPDATE: Brierly returns to NZX with Mercantile to list on local bourse

Wed, 01 Jul 2015

By Suze Metherell July 1 (BusinessDesk) - Veteran corporate raider Ron Brierley is bringing his latest investment vehicle, Mercantile Investment, to the NZX, with a listing scheduled for next week. The Sydney-based investment firm has been approved by stock market operator NZX for a compliance listing on July 6, it said in a statement to the ASX yesterday. The move makes it easier for New Zealand investors to buy shares in the firm, which had 3,570 shareholders as at Aug. 14, 2014. Mercantile has been mounting takeovers for distressed...

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