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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Hunter’s Corner
7 mins to read

Arvida U-turn points to shareholder pressure

ANALYSIS: In a remarkable change of heart, the retirement village operator’s board has endorsed a scheme it previously saw as lowball.

There seems to have been ‘one hell of a U-turn’.

Tim Hunter Fri, 26 Jul 2024

It looks like someone has had a quiet word with the board of retirement village operator Arvida.

Consider the following sequence.

On December 14 last year, the company confirmed an approach from an overseas fund, saying its proposed offer of $1.70 a share was “not in the best interests of its

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Tim Hunter Fri, 26 Jul 2024
Contact the Writer: thunter@nbr.co.nz
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Arvida U-turn points to shareholder pressure
Hunter’s Corner,
105034
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