NZX-listed company couldn't push forward with the proposal to sell to Evan Christian entity because it had too few independent directors.
The wealthy Canadian only took up 19% of his entitlement under the offer.
The NZX-listed fishing company's share price has fallen 12% today.
NZX and ASX-listed payment terminal provider grants due diligence to Tyro and another unnamed global player.
Metroglass forced to respond to Crescent Capital's comments yesterday that it was proceeding with its proposal to acquire the company.
Vital says counter lawsuit by Simon Herbert’s company is ‘currently paused’ in the High Court.
Crescent Capital-backed Viridian NZ says its proposal to acquire or merge with Metroglass continues.
About 53 million shares were not taken up, and will need to be covered by the underwriters.
The ‘conservative’ retailer says it isn’t scared of borrowing as it seeks external funding.
The California-based hedge fund’s previous campaigns may explain why it wants to get on listed media company’s board.
