Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Deal with lenders places potential restrictions on dividend payments.
A significant majority of farmers supplying the company have submitted cessation notices.
No purchase price was disclosed, but the mining multinational was given confidence in the long term viability of Tiwai Pt after its 20-year deal with NZ's energy generator trifecta.
Meridian, Contact and Mercury have reached agreement with the NZ Aluminium Smelter for the supply of electricity to its Tiwai Pt operation.
The NZX-listed Burger Fuel Group outlined the financial cost of its recent court hearing.
Software company has cut headcount by 58% and vacated its Takapuna office as it focuses on core products.
Highly conditional, unsolicited, indicative non-binding proposal has fallen flat – shares plunge almost 20% today.
The NZX-listed company reported a 20% drop in net profit from continuing operations despite a slight revenue bump.
The NZX-listed fishing company's managing director David Mair is upbeat on a turnaround.