Ofer Global Group lifts takeover bid for NZOG by 19% to 74 cents
Ofer Global Group has lifted its offer for minority holders of New Zealand Oil & Gas by 12 cents to 74 cents a share. Yesterday, the New Zealand Shareholders’ Association said the initial offer of 62 cents was “opportunistic” and that it would oppose the deal. Independent appr...
Summerset's 3Q sales up 11.5% on the year
Summerset Group’s third-quarter sales were up 11.5 percent from a year earlier as resales lifted and new sales remained firm. Summerset said it sold 165 occupation rights in the three months to Sep. 30, versus 148 in the same period a year earlier. Of those, 77 were new sal...
NZ dollar dips below 63 US cents on US-China trade worries
The New Zealand dollar slipped below 63 US cents as investors remained jittery about the outcome of the US-China trade talks this week. The kiwi was trading at 62.89 at 8am in Wellington versus 63.10 US cents at 5pm yesterday. The trade-weighted index was at 70.25 points fro...
Fonterra units, shares up 24% since new strategy unveiled
Farmer-owned Fonterra Cooperative Group shares and units in the Fonterra Shareholders Fund have gained about 24 percent since the beleaguered cooperative unveiled its new strategy at the end of September. The units were last up 6.6 percent at $4.03 while the farmer-owned share...
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