Abano board puts takeover on backburner
Abano Healthcare’s board doesn’t intend on pursuing a sale and is weighing up options to shore up its capital structure. The dental clinic operator last week confirmed it had received two new takeover offers at $3 and $3.25 per share from BGH Capital and the Ontario Teachers’ Pen...
Max landlords agree to rent haircut
Landlords of struggling retailer Max Fashions have agreed to a rent haircut, enabling the company to trade on, albeit with a much smaller footprint. The owners of the women’s fashion brand decided to restructure, having barely received any revenue during the covid-19 lockdown. It...
Chapman takes over as NZME chair, quits IAG board
Former ASB Bank head Barbara Chapman has taken up the chair of media group NZME following the sudden departure of her predecessor Peter Cullinane before last week’s annual meeting. Chapman will resign her directorship at IAG New Zealand at the end of the month to free up time for...
Emergency tenancy protections to lift next week
Emergency provisions restricting tenancy terminations will be lifted on June 26 and the government has extended and doubled rent arrears assistance to support those at risk of eviction.Associate Housing Minister Kris Faafoi said it was no longer necessary or justified to extend t...
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