TeamTalk tells shareholders to put off decisions on 'hostile' Spark bid

Wed, 08 Feb 2017

By Rebecca Howard Feb. 8 (BusinessDesk) - TeamTalk says a proposed $22.7 million takeover offer from Spark New Zealand is hostile, highly conditional and recommended shareholders take no action pending further communication from the board. "The preliminary view of the directors of TeamTalk is that the proposal from Spark does not include significant synergy benefits if Spark were to acquire control of TeamTalk and does not represent fair value for our shareholders," Roger Sowry, TeamTalk chairman, said in a statement. Auckland-based S...

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