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Cushings edge closer to takeover threshold in Kirkcaldie with 18.48% stake
By Hannah Lynch May 31 (BusinessDesk) - Selwyn and David Cushing have edged closer to the takeover threshold in Kirkcaldie & Stains, the iconic Wellington department store owner whose property assets are worth almost twice the company’s market capitalisation. The Cushing family...
TAF voting packs go to Fonterra farmers
May 31 (BusinessDesk) - A mass mail-out is under way to Fonterra Cooperative Group's 10,500 farmer shareholders of the voting packs for the June 25 special meeting on the controversial Trading Among Farmers scheme. The vote is the second time the Fonterra board has sought suppor...
Argosy sells vacant Albany site at small discount to valuation
By Paul McBeth May 31 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out the ANZ Bank-owned manager last year, has sold an empty building in Auckland's Albany suburb for a small discount. The Auckland-based property investor...
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