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15 Jan 2025 19:30
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      Home > News > Business

    An attempted takeover of The Warehouse Group may not yet be dead in the water

    An attempted takeover of The Warehouse Group may not yet be dead in the water


    The retail group confirmed it Friday it wouldn't go ahead with a 590-million dollar takeover by an Australian private equity group, backed by founder Sir Stephen Tindall.

    The offer wasn't supported by many shareholders -- particularly Farmers parent company, James Pascoe Group.

    Devon Funds Management's Greg Smith says investors expect an improved offer, and the board appears to be open to one.

    He says there could be more to come on this story, if a higher bid is made.

    © 2025 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Mount Maunganui's Bay Oval will play host to a Super Rugby fixture for the first time later this year More...

    BUSINESS BUSINESS
    Auckland-based labour recruitment firm ProLink NZ is facing estimated debt of 3.8 million dollars More...


     Today's News

    		 Entertainment:
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     Tennis:
    To court 12 at the Australian tennis Open 18:57

     Rugby:
    Mount Maunganui's Bay Oval will play host to a Super Rugby fixture for the first time later this year 18:37

     Entertainment:
    Harris Dickinson still feels like a "chubby boy" despite losing weight and isn't used to "being desired" 18:35

     International:
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     Law and Order:
    The father of a teenager murdered by a Dunedin doctor says he will never forgive him for destroying three generations of his family 18:07

     Entertainment:
    Tyler Perry has slammed the "pure greed" of insurance companies for cancelling "millions" of policies prior to California wildfires 18:05

     Rugby:
    Jackson Garden-Bachop is adjusting to life without his brother ahead of his return to Super Rugby for the first time in three years 17:37

     Entertainment:
    Beyonce is donating $2.5 million help victims of the California wildfires 17:35

     Rugby League:
    Kiwis five-eighth Dylan Brown is reportedly considering leaving the Parramatta Eels after this NRL season 17:27

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