UPDATE Kirk's shareholder Cushing reserves judgment on asset sale

Mon, 29 Oct 2012

By Pam Graham Oct. 29 (BusinessDesk) - Kirkcaldie & Stains' biggest shareholder H&G, the investment vehicle for the Cushing family, is reserving judgement on a major asset sale by the retailer which drove the share price up 23 percent to a four-and-a-half year high. David Cushing says detail is too scant on the company’s sale of its Harbour City Centre building in Wellington, so his family, with a 19.9 percent holding, is adopting a wait-and-see position to the transformational deal. He was "not happy" with the $2.90 the shares rose to on M...

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