NZME shareholders urge break-up and vote on Stuff takeover

Wed, 13 May 2020

Shareholder activists are promising to enliven news publisher NZME's annual meeting on June 11, with one accusing it of a "sleep-walking management style". One motion seeks the company's break-up to release value, another calls for a focus on paying dividends and the third seeks shareholder approval for any bid for rival publisher Stuff if total bid costs exceed $1 million. Directors are opposing all three motions at a meeting where chairman Peter Cullinane, a former international marketing executive and founder of high-end dairy company...

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