There was little to justify the valuation of CBA shares, which have hit several record highs in recent months.
The new offer comes after a flurry of activity in the storage sector in recent months.
NZX-listed software company will also list its shares on the ASX as a condition of the deal.
The company’s proposed long-term incentive plan sets more achievable targets its executives need to hit to receive $2.5m worth of bonuses.
Executive chair Roger Gower said he wants to grow the company to profitability and revenue north of $100m.
Banks ironically the largest non-bank lenders in the country, Lyn McMorran says.
Utilities-based software company intends to undertake a placement for institutions, followed by a share purchase plan.
While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.
ACC buys up $6.7 million worth of Tourism Holdings shares, after previously selling down.
Acquisition ‘a natural progression’ of wholesale distribution deal.
