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Oceania Healthcare CEO expects Macquarie to start selling down controlling stake
By Rebecca Howard July 26 (BusinessDesk) - Oceania Healthcare chief executive Earl Gasparish expects Macquarie Group to start gradually selling its majority stake now an escrow period is ending. Under the conditions outlined in its initial public offering last year, a 57 pe...
Morningstar says too early to re-rate Sky shares as fibre undermines pay-TV
By Paul McBeth July 26 (BusinessDesk) - Sky Network Television shares have climbed 27 percent from a trough in March, but it's too early to say they're ready for a re-rating with the threat of cheaper and larger online rivals a clear and present threat, according to Morningsta...
Rangatira-controlled Hellers buys Australia's Moira Mac for undisclosed sum
By Paul McBeth July 26 (BusinessDesk) - Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding A$40 million of revenue to its income stream. Wellington-based Rangatira Investments, which control...
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