Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Masthead Responds

22 April 2005

Masthead Responds

Masthead Equities Limited expresses extreme disappointment that only certain details of its negotiations with the Vertex acting chairman, Mr Frankham , alone have been released by him.

The three simply facts are: Mr Frankham would recommend at $2.09 a share - but Mr Maier will not

The dysfunctionality of the Vertex board has now reached new depths

Masthead has been anxious in its negotiations with Mr Frankham not to allow the merits of its offer to be confused with other matters that have now been in dispute for several months. It is simply wrong for matters concerning Mr Boyle and Mr Maier personally to be allowed, as they now have, to affect what were intended to be private and confidential discussions and negotiations between Masthead and Vertex’s chairman.

A $2.05 a share price is very fair and reasonable, the more so in all the circumstances.

Market reaction to the increased offer has been extremely positive. Masthead is very confident that the 50.1% threshold will be exceeded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>