Veritas Investments, the shell company that’s acquiring the Mad Butcher franchisor business, will offer shares at $1.30 apiece, raising up to $25 million to help fund the purchase. The price represents a premium to the volume weighted average price of the stock in the three months before the $40 million cash and scrip acquisition was announced on Dec. 20 though …

Initial optimism over the agreement on a financial rescue for Cyprus turned to concern about the increased exposure of investors and depositors to banking losses in the euro zone. Following earlier EU assurances that the Cyprus model of taxing depositors to help fund the nation’s bailout would not be applied elsewhere, Eurogroup president Jeroen Dijsselbloem today told Reuters and the …

New Zealand shares fell, paced by Fletcher Building, which drifted off in the absence of offshore buyers and concern it needs to lift earnings to justify its current share price. SkyCity Entertainment Group dropped after shedding its dividend. The NZX 50 Index fell 2.15 points, or 0.01 percent, to 4340.73. Within the index, 21 stocks rose, 18 fell and 11 …