Guinness Peat Group

GPG warns of Coats weakness

Guinness Peat Group says it is bearing up well in the face of the global turmoil - but warns that its biggest subsidiary, the threadmaker Coats, will be affected in the second half of the year by weak...

Market deals to big fortunes

By ADRIAN CHANG - BusinessDay.co.nz | Sunday, 16 November 2008 The global financial crisis has wiped about $450 million off the fortunes of some of New Zealand's richest businessmen, as international sharemarkets plunge to...

Financial markerts

To the markets where the NZX50 is down 13 points to 2,824. Auckland International Airport down 1c to $1.78, Contact Energy down 6c to $7.35, Fletcher Building down 10c to $5.66, Guinness Peat Group down 1c to $1.03, Infratil...

Stock takes : Is the great slowdown speeding up?

With the hiding the local market has received in the past year or so, it's been pointed out that a number of stocks are looking cheap based on earnings and dividend levels. But the caveat there has always been how sustainable...

NZ Shares: Solid start for local market

The New Zealand sharemarket had a solid start to trading, following a strong performance by United States' equities as US voters choose a new president. Leading stock Telecom rose 2c early to $2.39, after a 7c fall yesterday,...

GPG supports fresh MYOB takeover offer

by Sarah McDonald | Monday November 3 2008 - 11:34am Guinness Peat Group has agreed to support a takeover offer for Australian accounting software firm MYOB – but the price has dropped by a third since another bid earlier this...

Consider bid, MYOB investors told

Scott Rochfort | October 31, 2008 - 11:50AM THE Sydney-based private equity firm Archer Capital has lobbed a $487 million takeover bid for MYOB and bypassed the board of the Australia's largest listed software firm by mustering...

Consider bid, MYOB shareholders told

Scott Rochfort | October 31, 2008 - 11:50AM THE Sydney-based private equity firm Archer Capital has lobbed a $487 million takeover bid for MYOB and bypassed the board of the Australia's largest listed software firm by mustering...

MYOB holds fire on takeover

The board of Australian accounting software company MYOB has told its shareholders to resist the temptation to accept an approximately $477 million takeover offer from Manhattan Software Bidco. The board released a statement...

Private equity sharks circle MYOB

A bargain-hunting investment consortium named Manhattan Software Bidco has offered around $443 million in a takeover bid for Australia's leading accounting software brand, MYOB. Although the standing offer is an all-cash bid of...

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