BRIAN GAYNOR: Stuff – Deal of the century or has Boucher caught a falling knife?

Fri, 29 May 2020

Sinead Boucher’s purchase of Stuff for just $1 could be the deal of the century.The token $1 price compares with John Fairfax’s $1,188 million purchase price in 2003 and NZME’s $154 million offer for the company in 2016.Boucher’s transaction could be the most lucrative CEO buyout since Wayne Walden acquired Deka, formerly known as McKenzies, in mid-1992.Following the 1988 LD Nathan - Lion Breweries transaction, the newly merged company had several surplus operations including Deka, the general merchandising chain. The re...

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