The Warehouse: Will Adamantem Capital get a bargain?

The Warehouse could be taken private. (Image: NZME)

Tue, 23 Jul 2024

The Warehouse Group has a bid from Adamantem Capital to buy shares for up to $1.70, supported by founder and major shareholder Stephen Tindall. The company told the New Zealand Exchange on Tuesday morning that it had an indicative non-binding bid from the Australian private equity firm to take over The Warehouse Group through a scheme of arrangement. Tindall, his foundation and associated trusts support the proposal, the company said. Tindall owns 27% of the company, and his foundation holds 21.3%. The company said Tind...

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