Latest - Fast food chain operator, Restaurant Brands, is urging shareholders to accept an offer to take it over, one week out from the deadline.
KFC is operated by Restaurant Brands. Photo: 123RF
Finaccess Capital has made an offer to buy 75 percent of the company, which has the licence to operate KFC, Pizza Hut and Carl's Junior in New Zealand.
The owner of those brands, has given its consent for the deal to go ahead, but it still needs shareholder approval.
The board says all of its investors should accept the deal before it expires on Tuesday, because there is no better offer.
Orion founder wants to take company private
The founder and chief executive of Orion Health, Ian McRae's offer to buy all of the remaining shares and take it private, is fairly priced.
Mr McRae already owns 90 percent of the company but wants to buy the rest at $1.22 a share.
An independent report by KordaMentha valued Orion's shares at between $1 and $1.47.
The independent directors of Orion are recommending shareholders accept Mr McRae's offer, but even if they don't, he has the power to go through with his plan under the take-overs code anyway.
The offer expires on 15 March.
Court of Appeal sides with FMA in ANZ case
The Court of Appeal has sided with the Financial Markets Authority (FMA) in a case involving New Zealand's ANZ Bank.
The ANZ took action against the FMA after it disclosed some confidential documents to a third party.
The FMA obtained those documents as part of an investigation into a failed company, which resulted in a loss to investors.
ANZ is planning to take the case to the Supreme Court.
The details of the case are confidential.
