Z Energy board gives thumbs up to $2b Ampol offer

Z Energy board gives thumbs up to $2b Ampol offer
Z Energy's board wrangled a bit more out of its Australian suitor. (Image: Getty)
Staff reporters
Z Energy’s board has given the thumbs up to a $1.99 billion takeover offer from Australian suitor Ampol.The $3.78 per share headline offer has remained unchanged, but Z Energy shareholders will be allowed to keep $26 million, or 5 cents per share, of their own money with the deal not adjusting for an interim dividend to be paid. The headline price is an 11.8% premium to the $3.38 price the shares closed at on Friday.New Zealand’s biggest fuel station chain entered into a binding scheme implementation agreement with Ampol, the Austra...

More Retail

Mighty Ape’s profits rise in quarterly update
Retail

Mighty Ape’s profits rise in quarterly update

 This growth came despite gross sales falling 9.2% to $30.4m.

Staff reporters 26 Apr 2024
Website duplication scams haunt NZ retailers
Retail

Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024
Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024