Spark says 80c/share is final offer for TeamTalk, won't waive conditions if Farmside deal proceeds

Mon, 03 Apr 2017

By Jonathan Underhill April 4 (BusinessDesk) - Spark New Zealand says its hostile 80 cents-a-share offer for TeamTalk is final and it won't waive a condition that the proposal will lapse if the target company sells its Farmside internet services provider to rival Vodafone New Zealand. TeamTalk shareholders are to vote on the $10 million sale of Farmside to Vodafone on April 12, a deal that would help cut debt at the telecommunication minnow. Vodafone would buy 70 percent of Farmside with an option to pick up the rest any time in the next...

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