merger

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News about merger
  • Sky Vodafone merger OKed, as an overseas investment

    The Overseas Investment Office has granted its consent to the merger of SKY Network Television and Vodafone New Zealand. However, there is no suggestion, despite at least one press report to the contrary, that this decision will override the Commerce Commission’s rejection, in February of the deal on the basis that it would be anti-competitive.

  • Spark Sticks to $22.7m for TeamTalk, But Lowers Acceptance Threshold

    Spark New Zealand has said its 80 cent per share offer for TeamTalk valuing the company at $22.7m, announced in February, is “full and final” but it has waived the condition requiring 90 percent shareholder acceptance. The offer will how become unconditional if shareholder acceptance exceeds 50 percent.

  • Commerce Commission assesses Spark’s Teamtalk offer

    Spark’s $22.7m takeover offer for TeamTalk may be dead in the water following Vodafone’s offer of $10m for 70 percent of TeamTalk subsidiary BayCity Communications, but nonetheless the Commerce Commission is putting the offer under the microscope after Spark wrote to it seeking clearance for the deal.

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