Bremworth’s largest shareholder pursues $20m partial takeover
David Ferrier's Mangawhai Collective is considering a partial takeover of the NZX-listed carpet maker, potentially raising its stake to 50–55%.
The largest shareholder of Bremworth has signed lock-up deeds with 13 other shareholders as it considers a partial takeover worth at least $20 million. The move could result in the shareholder holding between 50% and 55% of the NZX-listed carpet maker. The development follows earlier opposition to the company's sale to Godfrey Hirst.
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BusinessDesk
Bremworth’s largest shareholder lines up $20m partial takeover
The largest shareholder of Bremworth is lining itself up for a partial takeover of the carpet maker worth at least $20 million. According to an NZX notice on Monday morning, David Ferrier’s Mangawhai Collective signed lock-up deeds with 13 shareholders…
NZ Herald
Bremworth’s largest shareholder lines up $20m partial takeover
The offer follows opposition to Bremworth's sale to Godfrey Hirst.