JBS offer for control of Scott Technology beats independent value, lags behind market price
By Paul McBeth Oct. 30 (BusinessDesk) - Brazilian meat processor JBS's $1.39 a share offer to buy at least half of local robotics manufacturer Scott Technology is a premium to the valuation settled on by an independent adviser, but falls short of the current market price. S...
OceanaGold 3Q profit drops 59% on Didipio shutdown
By Paul McBeth Oct. 30 (BusinessDesk) - OceanaGold, which operates gold mines in Otago and Waihi, reported a 59 percent drop in third-quarter profit as planned maintenance reduced copper production at its Didipio mine in the Philippines, weighing on revenue. Net profit fell...
Moody's pulls Wellington Airport credit rating 'for business reasons'
By Paul McBeth Oct. 29 (BusinessDesk) - Moody's Investors Service, the global rating agency, has withdrawn its A2 rating for Wellington International Airport for its own business reasons. "Moody's has withdrawn the rating for its own business reasons," referring to its poli...
Pyne Gould chairman Mogridge quits 'for personal reasons'
By Paul McBeth Oct. 29 (BusinessDesk) - Pyne Gould Corp chairman Bryan Mogridge has left the financial services firm effective from today "for personal reasons", while the company contends with its second share trading suspension in as many years. The Guernsey-based, NZX-li...
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