Market close: Tilt takeover offer and transtasman bubble joy lift NZ sharemarket
19 Apr, 2021 05:40 AM
4 minutes to read
Auckland International Airport climbed 35c or 4.74 per cent to $7.73 as re-opening stocks benefited from the first day of the transtasman bubble. Photo / Michael Craig
Auckland International Airport climbed 35c or 4.74 per cent to $7.73 as re-opening stocks benefited from the first day of the transtasman bubble. Photo / Michael Craig
NZ Herald
By: Graham Skellern
Auckland International Airport took a hike on the first day of the transtasman travel bubble, and a new takeover offer for Tilt Renewables also added some spice to the New Zealand sharemarket.
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Mercury, PowAR up the ante for Tilt to $8.10 a share
17 Apr, 2021 02:24 AM
2 minutes to read
Tilt Renewables Tararua wind farm. Since its largest shareholder announced a strategic review of its investment in December, the company has been readying itself for offers. Photo / SUPPLIED
Tilt Renewables Tararua wind farm. Since its largest shareholder announced a strategic review of its investment in December, the company has been readying itself for offers. Photo / SUPPLIED
Mercury NZ and infrastructure investor Powering Australian Renewables (PowAR) have lifted their offer for Tilt Renewables to $8.10 a share from $7.80 in response to a reported Canadian bid.
Separately, Tilt s majority shareholder Infratil said it supported the offer, which values its stake at $2 billion.