As part of the compromise, two of James Grenon’s former director nominees would get positions with the company.
Tower's board also approves conditional proposal to return $45m to shareholders.
Analysts upgrade stock to ‘outperform’ while highlighting growth potential for the Australian market.
The Takeovers Panel and NZ RegCo say a crucial shareholder vote on a $217.8m capital raise can go ahead as planned.
Star Entertainment shares are suspended on the ASX after it failed to lodge its financial results.
Restaurant Brands has moved into Craigs’ overweight category.
NZX and ASX-listed cinema software provider’s CEO sits down with NBR to talk transformation, cloud growth, and a new significant shareholder.
New Zealand-founded, ASX-listed chemicals group reported a drop in earnings last week.
The home New Zealand market continues to struggle, while the company was also forced to invest in added security.
Profit plunge of almost 100% in last results and flat sales market means the company’s ‘Fit for the future’ plan is at the pointy end.