Abano directors cave to takeover by scheme of arrangement

Abano directors cave to takeover by scheme of arrangement
Jenny Ruth
Directors of Abano Healthcare, which has a long history of fending off takeover offers, have not only capitulated to a bidder but have agreed to a scheme of arrangement, making it easier for the prospective buyer to gain control. Australia-based private equity firm, BGH Capital and the Ontario Teachers' Pension Plan Board are offering $5.70 per share, valuing Abano at $149.8 million. The bidding vehicle is called Adams NZ Bidco. Abano has agreed to suspend its dividend so will not be paying the first-half dividend it usually pays early ea...

More Listed Companies

Numbers and letters for investors
Markets

Simon Robertson: Numbers and letters for investors

A plea for standardised financial reporting from NZX-listed companies.

Simon Robertson 02 Mar 2024
Market watchdog puts Fletcher result under microscope
Markets

Market watchdog puts Fletcher result under microscope

Listed firms sitting on material information a theme of NZ RegCo oversight report.

How Gentrack made its India expansion work
Markets

How Gentrack made its India expansion work

Gentrack has more than 100 staff in Pune, India.

NZME boss calls for digital platform law
Listed Companies

NZME boss calls for digital platform law

NZME CEO Michael Boggs calls for government solution to big tech bargaining imbalance.

Daniel Dunkley 21 Feb 2024