Keep up with
Newstalk ZB

Wed, 19 Jun 2013, 20:52

Have Your Say

Talkback 0800 80 10 80
Overseas +64 9 307 1080
Text 9292

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Sign Up

Site Search

Search Search

Select your region:

F&P shares leap after potential takeover offer

Share |

F&P shares leap after potential takeover offer

| Business News | Monday September 10 2012 12:32

Shares in an iconic Kiwi company have leapt more than 30 percent on the sharemarket, with news of a potential takeover offer.

Fisher and Paykel Appliances' Chinese partner, Haier has expressed interest in buying out the company.

Haier already owns 20 percent.

Fisher and Paykel's chairman, Keith Turner, says no firm offer has been made yet.

"They have undertaken a limited amount of due diligence. We have put that material release to them out to the market so everyone is fully informed as they are."

He says shareholders should take no action at the moment.

Mr Turner says the two companies have had a close relationship.

"Looking back at the last three years, they stepped in to invest in the company at a time that was really critical to Fisher and Paykel. The two companies have worked well together - Fisher and Paykel is a distributor of Haier products in New Zealand and Australia and Haier is a customer of Fisher and Paykel."

Photo: NZ Herald

 

Related Subjects

Fisher and Paykel | Haier |

 

Business News

Advertisement
Kili'ing it bro
Advertisement
  • Police search for person after car crash

  • Otago farmer braces for the weather

  • Two more arrests after brawl

  • Kiwi man dies after freezing night

  • Simple things make NZ women happy

  • Dalziel says she'd be an inclusive mayor

  • Snow looking unlikely for Christchurch

  • NZ Post deems Welly mailbox a 'hazard'

  • Russel Norman: Stop the money ...

  • Mark Sheehan: Internal assessm ...

  • Lianne Dalziel: Christchurch m ...

  • Tim Martin: Sky TV outbid for ...

  • Wednesday-Flying Over the Basi ...

  • Tuesday-What a Shame About Med ...

  • Monday-ABs Hard to Fault

  • Friday-Consent Discontent

Peter Dunne

Should Peter Dunne resign as an MP?

Vote Now

View Results