More than 30 sharks had been circling Abano before BGH's $5.70 offer

Jenny Ruth
Fri, 14 Feb 2020

Abano Healthcare's board identified and attracted interest from more than 30 parties before agreeing to back a takeover via a scheme of arrangement by private equity firm BGH Capital and the Ontario Teachers' Pension Plan Board. Independent valuer KordaMentha said the $5.70 per share offer, which values Abano at $149.8 million, is above the mid-point of its $5.29 to $5.92 valuation and "unless a superior proposal is forthcoming, the positives of approving the scheme outweigh the negatives." Abano's directors are unanimously recommending t...
ON THE MONEY: Boag, BNZ, Crimson and more
Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

JEHAN CASINADER: Politicians are the worst advertisement for democracy
Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

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