Property
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Property
Augusta directors recommend Centuria takeover
An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in the absence of a higher offer. Centuria is offering 22 cents in cash – raise...
Property
Metlifecare and EQT enter new $6 per share takeover agreement
Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of the company's six directors are supporting the offer. The new price values Metl...
Opinion
Jenny Ruth: JENNY RUTH: Metlifecare seems to think a formal move to oust the chair isn't material
Metlifecare apparently doesn't think a letter from a 5.4 percent shareholder requisitioning a meeting to vote on unseating chair Kim Ellis is a material matter that it needed to disclose to the NZX. That requisition from Hong Kong-based Maso Capital Partners was sent on Friday...
Property
No fear and loathing in the housing market
Conditions in the housing market are nowhere near as dire as many predicted when New Zealand went into lockdown in March and now a net 34 percent of real estate agents say house prices are rising, up from 18 percent in June. Economist Tony Alexander's survey of 647 real estate...
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