ESW reaches 90% of SLI Systems, moves to compulsory acquisition
By Jenny Ruth Dec. 19 (BusinessDesk) - ESW Holdings says it has secured acceptances for more than 90 percent of SLI Systems and is moving to compulsorily acquire the remainder in its $41.4 million takeover offer. Texas-based ESW launched a full takeover bid for SLI in Octob...
Chorus could lift its dividend post-UFB rollout but risks remain
By Jenny Ruth Dec. 19 (BusinessDesk) - Chorus could step up its annual per-share dividend to about 40 cents, once it has finished rolling out its share of the ultra-fast fibre network, says First NZ Capital analyst Arie Dekker. Investors are starting to focus on the telecom...
Heartland says new bank capital rules won't hurt as much as the market thinks
By Jenny Ruth Dec. 19 (BusinessDesk) - Heartland Group Holdings says the impact of the Reserve Bank’s proposal to raise the amount of capital banks have to hold will have a much smaller impact on it than the market expects. “At this stage, there is some detail to be clarifi...
ISS supports Vital Healthcare's rebel investors
By Jenny Ruth Dec. 19 (BusinessDesk) - A key proxy analysis and recommendations firm widely used by New Zealand institutional investors is recommending that investors in Vital Healthcare Property Trust support resolutions put forward by three rebel institutions. Institution...
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