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Metlifecare wrestles for higher price, eyes scheme of arrangement
Metlifecare shares are in a trading halt after the board received an improved offer from its unnamed suitor.The board last week rejected a $6.50 per share indicative offer from its bidder, saying that its major shareholders viewed the bid as too low.Since then, the board received...
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S&P cuts NZ Post's credit rating as mail volumes keep falling
International ratings agency Standard & Poor's has slashed New Zealand Post's credit rating because of the continued decline in mail volumes.S&P cut the 'A+' rating to 'A' and removed NZ Post from its negative creditwatch status where it had sat since Oct. 1. In addition, it cut...
Services
PaySauce plans rights issue, chair steps down
Payroll software provider PaySauce said it is planning to raise fresh capital, most likely through a rights issue, and chair Andrew Barnes plans to step down from Dec. 31.Barnes will remain the major shareholder and has committed to at least taking up the rights for his more than...
Services
Metlifecare says indicative bid too low
Metlifecare has rejected an indicative takeover offer of $6.50 a share as being too low after sounding out some of its major shareholders.The board said its internal valuation could be in excess of $8 a share, depending on the assumptions used.The indicative offer from an unnamed...
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