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Infratil says Tilt offer 'more than fair' after directors reject takeover bid
By Sophie Boot Sept. 6 (BusinessDesk) - Infratil says the $208.5 million takeover offer for Tilt Renewables it's leading is "fair and reasonable" after Tilt's independent directors recommended shareholders reject the deal as being too low. Infrastructure investment company...
Vector board rejects Entrust's bid for early special meeting, delays AGM
By Paul McBeth Sept. 6 (BusinessDesk) - Vector's board has decided to put off its annual meeting for a fortnight so it can include a resolution by controlling shareholder Entrust to dump chair Michael Stiassny rather than hold a separate event. Entrust, which owns 75 perce...
Steel & Tube raises $17.8M in shortfall bookbuild at zero discount
By Paul McBeth Sept. 6 (BusinessDesk) - Steel & Tube Holdings sold the leftover shares from a rights issue at a premium to what was a discounted offer, raising another $17.8 million to repay debt. The Lower Hutt-based company sold the stock at $1.23 apiece, matching the la...
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