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Bremworth Backs Floorscape Agreement Amid Speculation Over Regulatory Clearance; Shares Down 3%

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Bremworth (NZE:BRW) said it continues to believe that its October 2025 agreement to be acquired by Floorscape represents the best available opportunity to provide value to shareholders, according to a Thursday filing with the New Zealand bourse.

The company issued the statement after becoming aware of speculation over its strategic options if the New Zealand Commerce Commission (NZCC) rejects Floorscape's clearance application for the transaction.

"Bremworth continues to have confidence in the merits of the scheme for shareholders and New Zealand consumers and will continue to engage with the NZCC," the company said.

It added that the board will assess remaining alternatives if the NZCC does not grant clearance.

The company's shares fell nearly 3% in recent Thursday trade.

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