Abano pressures Hutson interests by speeding up sale timetable
Peter Hutson and associates are expected to have to sell their 19.1% Abano stake by June 17 to fund their purchase of the audiology business. With special feature audio.
Jenny Ruth Mon, 30 May 2016
Abano’s [NZX: ABA] board has put pressure on former director Peter Hutson and associates to sell their 19.1% stake in the company so they can pay for Abano’s half of their audiology joint venture by June 17.
A week ago, Abano had said the $32 million transaction was expected to take about three
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