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28 Apr 2024

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MARKET CLOSE: NZ stocks hit record, led by A2 Milk, Metlifecare and Meridian Energy
New Zealand shares rose to another record high, driven by investors seeking dividend income, with A2 Milk continuing its bounce and Meridian Energy at an all-time high

MARKET CLOSE: NZ shares drop, led by TradeMe, Air NZ while Fletcher gains
New Zealand shares fell for a second day, correcting a market some traders say has become overvalued, with Trade Me Group and Air New Zealand among the biggest decliners

Nuplex boosts full-year earnings 19pc
Nuplex Industries, which is in the process of being taken over by Allnex Belguim SA, posted a 19 per cent gain in annual profit as earnings lifted across all its key markets.Profit rose to $84.4 million, or 44.3 cents per share,...

Nuplex boosts full-year earnings 19%; expects final takeover approval next month
Nuplex Industries, which is in the process of being taken over by Allnex Belguim SA, posted a 19 percent gain in annual profit as earnings lifted across all its key markets

Nuplex CEO Severin reaps $10.3 million windfall from $1 bln Allnex takeover
Emery Severin, chief executive of resins company Nuplex Industries, is due a $10.3 million cash payout following a shareholder vote in favour of a $1 billion proposed takeover by private equity-backed Belgian company Allnex.At a...

Hope of 'stay' vote lifts index
New Zealand shares rose as markets speculated the UK will vote to remain in the European Union. Vital Healthcare Property Trust and Summerset Group gained, while Nuplex Industries dropped as its acquisition by Allnex may be delayed.The...

Performance boosts outlook at Nuplex
Nuplex Industries, whose independent directors are backing a $1.05 billion takeover offer from Allnex Belgium, has raised its 2016 earnings guidance, reflecting a stronger performance in Europe, the Middle East and Africa, and the...

Nuplex lifts guidance, citing improved returns from EMEA and the Americas
Nuplex Industries, whose independent directors are backing a $1.05 billion takeover offer from Allnex Belguim SA, has raised its 2016 earnings guidance

Investors' positive outlook on companies gives shares a lift
New Zealand shares rose as investors took a favourable view of the outlook for some companies after earnings season. Ebos Group, Metro Performance Glass and Nuplex Industries gained.The S&P/NZX 50 Index gained 2.92 points, or 0.04...

Nuplex says Allnex takeover given European antitrust approval; shares to delist
Nuplex Industries confirmed its takeover by Allnex Belguim SA had received antitrust clearance from the European Commission, paving the way for its transfer into the hands of the private-equity backed Belgian company

Nuplex says Allnex A$1 billion takeover delayed beyond August
Global resins maker Nuplex Industries says the planned A$1 billion takeover by Allnex is now not likely to take place in August as previously advised because of delays getting anti-trust clearance in the European Union

Nuplex CEO Severin reaps $10.3 mln windfall from $1 bln Allnex takeover
Emery Severin, chief executive of resins company Nuplex Industries, is due a $10.3 million cash payout following a shareholder vote in favour of a $1 billion proposed takeover by private equity-backed Belgian company Allnex

Nuplex shareholders OK $1 billion Allnex takeover
Sixty-four years after it was founded and 49 years since it listed on the NZX, New Zealand-based global resins company Nuplex Industries is set to pass into the hands of private equity-backed Belgian company Allnex following a shareholder vote today

Allnex offer for Nuplex within independent valuation range, including control premium, Grant Samuel says
Allnex Belguim SA's $1.05 billion offer for Nuplex Industries falls within the independent valuation range for the resins maker, prompting the target's board to reiterate its unanimous backing for the deal