Pushpay up 14% with bidding war on the cards

Pushpay up 14% with bidding war on the cards
Pushpay's chief executive Molly Matthews is US-based and the company's likely to shift its listing to the Nasdaq eventually. (Image: Pushpay))
Dan Brunskill
Pushpay Holdings may be setting the scene for a bidding war after it released a statement saying it was in the early stages of discussions with multiple interested buyers. The comment came after two existing shareholders, BGH Capital and Sixth Street, disclosed they had agreed to cooperate on a takeover bid. The two hold a combined stake of 20.3%.This cooperation agreement says the firms will work together to negotiate and implement a proposed bid and prevents them from selling shares or supporting a competing proposal.It appears ther...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.