NZX considered higher earnout target for Clear due to founder's representations, witness says

Fri, 20 May 2016

By Sophie Boot May 20 (BusinessDesk) - NZX looked at a tougher earnout hurdle for the sellers of the Clear Grain Exchange which would have got the platform beyond the breakeven target eventually agreed on, the High Court in Wellington heard today. The third week of an 11-week hearing came to a close early today with former NZX head of strategy Heather Kirkham saying Clear had been trading slowly during the due diligence process, but sellers Dominic Pym and Grant Thomas were enthusiastic about the 1.5 million tonne target and discussed wh...

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