Subscribe today - find out more
Why you should consider BusinessDesk

Smartpay shares tumble as Verifone deal falls through

Staff reporters
Fri, 01 May 2020

Smartpay shares dropped 23.5 percent to 39 cents after the payments processor said its agreement with Verifone to buy its New Zealand assets for $70 million fell over. The deal was contingent on receiving Commerce Commission approval by April 30, which didn’t happen, and Smartpay rejected a revised offer put forward by the American company which it said wasn’t acceptable.The company said the end of the agreement freed it up to pursue other potential buyers for the business.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Bose QC45 are simply great headphones
Henry Burrell | Sat, 04 Dec 2021

They’re feature-light compared to some rivals, but top-end noise cancellation and supreme comfort make these headphones a fine buy. 

On the Money
On the Money: Greg Foran's golden words, Colin Neal, Chris Meehan, and more
Rebecca Stevenson | Sat, 04 Dec 2021

OTM this week: the value of a broken-down old shopkeeper, Colin Neal's next Move, Chris Meehan's real meaning of long-term, and more. 

Long live the broker, the broker is dead
Brian Gaynor | Sat, 04 Dec 2021

An increase in direct listings on the NZX is a welcome development, but they won’t gain any significant traction until brokers embrace them.

Creating a sustainable transport future today

TR Group assist businesses with the journey of de-carbonising heavy commercial fleet or the logistics around distributing products and services.

Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.