Opposition power policy forces update to MightyRiver float documents

Mon, 22 Apr 2013

By Pattrick Smellie April 22 (BusinessDesk) - The Labour and Green parties' new electricity policy has struck a new political blow, forcing the government to suspend the MightyRiverPower float overnight while it updates the offer document to would-be shareholders. The update also triggers a five day window for investors who've registered for shares in the partial privatisation of the state-owned electricity company to withdraw their commitment. The update appears likely to be released to the NZX tomorrow morning before trading opens, after f...

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