SLI Systems to delist next week

Fri, 04 Jan 2019

By Paul McBeth Jan. 4 (BusinessDesk) - SLI Systems will end its five-and-a-half years on the stock exchange when new owner ESW Holdings delists the retail search engine software developer next Thursday. Texas-based ESW crossed the 90 percent threshold needed to mop up the remaining shares on Dec. 19, successfully taking over the Kiwi firm, according to NZX filings. ESW offered 65 cents a share, or $41.4 million, to buy the firm in October, having already locked up 51 percent from 18 of SLI's 1,500-odd shareholders. The Texan company curr...

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