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Goodman Fielder to sell Integro unit for A$170M to GrainCorp consortium
By Paul McBeth Aug. 28 (BusinessDesk) - Goodman Fielder, the unprofitable food ingredients maker, will sell its Integro unit to a consortium made up of GrainCorp and Gardner Smith for A$170 million and will use the proceeds to pay down its debt. The sale doesn't include the ou...
NZ Takeovers Panel wants disclosure of long equity derivative positions
Aug. 28 (BusinessDesk) - New Zealand’s Takeovers Panel wants changes to securities law to require disclosure of long equity derivative positions because of the risk they could be used as part of a strategy to build an undisclosed stake in a company in the run-up to a takeover bi...
NZ Windfarms takes $31.7M impairment charge, resulting in wider FY loss
Aug. 28 (BusinessDesk) - NZ Windfarms, which operates Te Rere Hau windfarm in the Tararua Ranges, posted a wider full-year loss after taking an impairment charge against its assets and reporting power generation was 25 percent below budget. The net loss was $24.6 million in the...
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