Aussie shareholders knock back Briscoe
Analyst says higher offer required for successful takeover.
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Hawke’s Bay
Several Australian shareholders in Kathmandu [NZX: KMD] are publicly rejecting the takeover offer from New Zealand’s Briscoe Group [NZX: BGR], potentially skewering its ability to reach the required 90% ownership threshhold.
The biggest naysayer is Goldman Sachs Asset Management, owner of a 12.9%
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Tim Hunter
Fri, 07 Aug 2015
Fri, 07 Aug 2015
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Aussie shareholders knock back Briscoe
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