Woodward Partners research puts Meridian share value at $1.81

Wed, 02 Oct 2013

Oct. 2 (BusinessDesk) – The first of two independent research reports commissioned by the New Zealand stock exchange operator, NZX, on the Meridian Energy partial privatisation values the company’s shares at $1.81 apiece, some 21 cents above the capped price promised to small investors. The company rates the potential closure of the Tiwai Point aluminium smelter, Meridian’s largest customer with which new, discounted electricity contracts have just been signed, as one of Meridian’s lowest risks. The only high risk identified is the potential...

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