Tag Archives: Companies

Emulex, the NYSE-listed data storage maker, offered to buy Endace, at a 69 percent premium to its last trading price, winning over the target company’s independent directors. A subsidiary of Emulex, El Dorado Research Venture, plans to offer 5 pounds a share cash for Endace, the New Zealand-based, London Stock Exchange listed company that commercialised cyber-security research done by Waikato …

New Zealand shares fell, led by OceanaGold, after the gold miner sold shares at a discount to repay debt. Chorus halted its two-day, 18.5 percent slump driven by the threat of regulated prices. The NZX 50 Index fell 8.44 points, or 0.2 percent, to a two-week low close of 4007.24. Within the index, 19 stocks rose, 18 fell and 13 …

Investors in Hubbard Management Funds are likely to get their initial distributions in the first three months of next year after the High Court settled on how to split the funds. Justice Lester Chisholm has directed statutory managers Trevor Thornton, Richard Simpson and Graeme McGlinn of Grant Thornton to split HMF into two pools, the first being the principal amount …

Fonterra Cooperative Group, the world’s biggest exporter of dairy products, is seeking consents to build a new milk powder plant at Pahiatua, more than doubling output from the site and mopping up surplus milk in the lower North Island. The third drier at Pahiatua would process 2.5 million litres of milk a day, making it a similar size to its …

Synlait Milk’s Chinese and New Zealand shareholders still want to list the company’s shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor’s chief executive, John Penno. “At some stage, it (a share float) is on the agenda in that both shareholders believe long term it’s the best place to have …

Hallenstein Glasson Holdings, the clothing chain, said sales in the first four months of the year are up 7 percent and profit is ahead of the same period last year. “While this is a good start, the success of the first half of our financial year hinges on our December trade,” chairman Warren Bell told shareholders at their annual meeting …

Synlait Milk’s Chinese and New Zealand shareholders still want to list the company’s shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor’s chief executive, John Penno. “At some stage, it (a share float) is on the agenda in that both shareholders believe long term it’s the best place to have …

Todd Property Group, the property development arm of the country’s wealthiest family, has bought the beleaguered Pegasus Town development in North Canterbury out of receivership. The property unit said it expects to complete the Pegasus development in 2015, without disclosing how much it paid. The acquisition is Todd Property’s first in the South Island, and represents its confidence in Christchurch’s …

Powdered dairy products exporter Synlait Milk has turned in a maiden profit of $6.3 million for the year to July 31 and expects to seek fresh capital from its two shareholders as it pursues “further strongly profitable opportunities.” The Dunsandel-based processor added a further 20 supplier farms during the year and processed a total of 498 million litres of milk …

The mystery buyer of Kirkcaldie & Stain’s Harbour City Centre on Wellington’s Lambton Quay has walked away after deciding the building wasn’t the right fit as an investment. The bidder for the $46.5 million property confirmed it wasn’t satisfied with the building after deciding the rear development site of the building didn’t fit its business plan, Kirkcaldie said in a …