Kirkcaldie and Stains board confident after lapsed Mercantile offer

  • News
  • June 20, 2016
  • Will Bowman
Kirkcaldie and Stains board confident after lapsed Mercantile offer

Mercantile NZ Ltd.’s takeover bid of Kirkcaldie & Stains lapsed last week after shareholders were urged to not sell their holdings by the board of the company. The company is to be dissolved over the course of 2017.

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Kathmandu directors shoot down Briscoe takeover attempt

  • News
  • August 6, 2015
  • Sarah Dunn
Kathmandu directors shoot down Briscoe takeover attempt

Kathmandu’s shareholders have been waiting to hear how they should respond to a surprise takeover attempt from privately-held Briscoe Group since June. Briscoe then announced it had accumulated a 19.9 percent shareholding in Kathmandu, and presented a share offer in cash and scrip shortly afterwards. This morning, Kathmandu’s directors recommended that Briscoe’s offer be rejected, saying it is inadequate and opportunistic.

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South Island department stores merge as H&J Smith buys Arthur Barnett

  • News
  • May 14, 2015
  • Sarah Dunn
South Island department stores merge as H&J Smith buys Arthur Barnett

Heritage South Island department stores Arthur Barnett and H&J Smith boast 227 years in operation, collectively. They will merge from Monday onwards.

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