NZX-listed takeover activity hits decade-high in 2017, set to persist this year: Bell Gully

Tue, 13 Mar 2018

By Paul McBeth March 13 (BusinessDesk) - The New Zealand stock market marked eight formal takeovers last year in its busiest year for a decade, and law firm Bell Gully expects that activity will persist in 2018. Of the eight takeovers mounted, only three were successful, and one is still to be decided. That low success rate was due in part to two of the offers shaking out rival offers, something New Zealand's stock market doesn't typically see, the law firm said in a takeovers report. Just 5 percent of takeovers on NZX are typically...

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