UPDATE: Diligent's Kiwi retail shareholders ask 'why sell now' as US takeover offer approved

Wed, 13 Apr 2016

(Recasts, adds comment from Diligent chair starting in 10th graph) By Fiona Rotherham April 13 (BusinessDesk) - New Zealand retail shareholders, many of whom voted against a successful takeover of US-based, NZX-listed Diligent Corp, say they still want to know why the board and management were hell-bent on selling the company just when it had started showing strong momentum. More than 90 percent of shareholders – only 40 percent of which are New Zealand-based - voted in favour of the takeover deal which will see the software-as-a-servi...

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