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Markets
Exclusive
Why Rakon’s $390m takeover failed
A bid came in valuing Rakon at $1.70 a share. Due diligence dashed hopes of a deal.

Property
Developer linked to liquidated firm accused of evading debt
A company with the same director was liquidated by its subcontractor in February.

Markets
Market Close
NZ sharemarket drops as US market rallies
The S&P/NZX 50 Index closed down 1.02% or 122.14 points.
