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Metlifecare amends merger deal again, halves shares to Vision, may sell property
By Jonathan Underhill June 21 (BusinessDesk) - Metlifecare has amended the terms of its merger proposal again, halving the shares it will issue to Vision Senior Living and flagging possible property sales as a way to repay debt rather than raising equity from third parties. The...
Zintel sells service company Cogent to private investors for $1 mln
By Hannah Lynch June 21 (BusinessDesk) - Zintel Group, the NZAX-listed telecommunications company, has announced the sale of its subsidiary company, Zintel Cogent, for $1 million effective July 2. The telecommunications service company was acquired by Zintel in October 2008. I...
NZ dollar holds near 7-week high as fed stimulus underwhelms, GDP looms
By Hannah Lynch June 21 (BusinessDesk) - The New Zealand dollar held near a seven-week high after the Federal Reserve extended its stimulus measures less than some traders expected and ahead of figures expected to show a modest pickup in the local economy. The New Zealand doll...
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