Trilogy set to go private as shareholders back Citic's $211 mln takeover, regulatory hurdle remains
By Paul McBeth March 14 (BusinessDesk) - Trilogy International is set to de-list from NZX with shareholders backing a $211 million takeover from China's Citic Capital Partners at today's special meeting, leaving regulatory approvals the final obstacle to the deal. Almost 5...
Capital gains tax 'among most contentious issues' for Tax Working Group, says Cullen
By Paul McBeth March 14 (BusinessDesk) - The government's Tax Working Group is encouraging submissions on capital gains taxes and land taxes, while stressing that owner-occupier housing is out of bounds. In a statement accompanying the publication of a background paper for...
MARKET CLOSE: NZ shares rise on Summerset upgrade; Synlait gains while Argosy, Strike shed dividends
By Paul McBeth March 13 (BusinessDesk) - New Zealand shares rose, bucking a selloff in most stock markets across Asia, as an analyst upgrade for Summerset Group pushed the retirement village operator to a record high. Synlait Milk gained, while Stride Property and Argosy Prope...
NZX-listed takeover activity hits decade-high in 2017, set to persist this year: Bell Gully
By Paul McBeth March 13 (BusinessDesk) - The New Zealand stock market marked eight formal takeovers last year in its busiest year for a decade, and law firm Bell Gully expects that activity will persist in 2018. Of the eight takeovers mounted, only three were successful, a...
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