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Greg Smith: Devon Funds Management expert unpacks the Warehouse takeover offer deal

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Manage episode 430309987 series 2098282
Indhold leveret af NZME and Newstalk ZB. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af NZME and Newstalk ZB eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Details surrounding the Warehouse takeover offer have been revealed.

Australian private equity firm Adamantem Capital Management has offered to buy the business for $1.50 to $1.70 a share, valuing it at a total of $590 million.

Greg Smith from Devon Funds Management has labelled this move 'opportunistic' as the retail sector struggles.

"They haven't even got a CEO - it does seem to be quite opportunistic, particularly if you've got a ray of light for the retail sector if we do get that rate cut from RBNZ."

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See omnystudio.com/listener for privacy information.

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7656 episoder

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Manage episode 430309987 series 2098282
Indhold leveret af NZME and Newstalk ZB. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af NZME and Newstalk ZB eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Details surrounding the Warehouse takeover offer have been revealed.

Australian private equity firm Adamantem Capital Management has offered to buy the business for $1.50 to $1.70 a share, valuing it at a total of $590 million.

Greg Smith from Devon Funds Management has labelled this move 'opportunistic' as the retail sector struggles.

"They haven't even got a CEO - it does seem to be quite opportunistic, particularly if you've got a ray of light for the retail sector if we do get that rate cut from RBNZ."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

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