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CORRECTION US investors pour $82M into Xero; interim payday for founders
(Corrects sums received by directors in sell-down in second paragraph) By Pattrick Smellie Nov. 30 (BusinessDesk) - Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million, of which $60 million is newly issued ca...
NZ's only drug giant, Douglas Pharmaceuticals, to keep it in the family
Nov. 30 (BusinessDesk) - Douglas Pharmaceuticals, a New Zealand-owned generic drug manufacturer serving local and export markets, is to stay in family ownership after testing the market, following numerous approaches from would-be buyers. Founder and managing director Graeme Do...
Fonterra units stag 22 percent on debut, farmers less enthusiastic
by Jonathan Underhill Nov. 30 (BusinessDesk) - Nov. 30 (BusinessDesk) - Fonterra Shareholders' Fund units soared as much as 22 percent on their NZX debut as investors leapt at the chance to get access to the dairy exporters' earnings stream, though no farmers used the scheme to...
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