Bapcor bid gives Hellaby shareholders easy exit, avoiding showdown, CEO Abotomey says
By Paul McBeth Sept. 30 (BusinessDesk) - ASX-listed Bapcor's $322.5 million takeover offer gives existing shareholders an easy exit from a traditionally thinly traded stock and would avoid the fall-out of automotive firms going head-to-head, chief executive Darryl Abotomey say...
Fairfax to wind up staff pension schemes as membership dwindles
By Paul McBeth Sept. 29 (BusinessDesk) - Fairfax New Zealand, the newspaper publisher seeking to merge with rival NZME, will wind up its two staff pension schemes today as dwindling membership coincided with multiple rounds of job cuts in recent years, while new staff signed u...
NZ residential building consents fall for a second month in August
By Paul McBeth Sept. 30 (BusinessDesk) - New Zealand residential building consents fell for a second month as more permits for new houses couldn't offset a dip in the more volatile intentions to construct apartments and retirement village units. Seasonally adjusted dwellin...
CBL raises $60 million in 'heavily oversubscribed' placement
By Paul McBeth Sept. 30 (BusinessDesk) - CBL Corp completed the first tranche of a planned capital raising in a "heavily oversubscribed" placement, selling $60 million of new shares at an 8.2 percent discount. The Auckland-based credit surety and financial risk insurer sol...
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