FINWIRES · TerminalLIVE
FINWIRES

NZE:BRW

15 stories mentioning NZE:BRWUpdated 5d ago

Every FINWIRES story that references NZE:BRW, newest first.

What's the latest news on NZE:BRW?

Asia

New Zealand Shares Fall; Bremworth Says 2.36% Acceptances Received Under Mangawhai Collective's Partial Takeover Offer

New Zealand shares fell on Tuesday while Asian markets were mostly lower amid worries of an escalating US-Iran conflict.The S&P/NZX 50 Index slid 1.08% or 149.93 points to close at 13,792.90.Iran threatened the US with "economic warfare" on Tuesday and said it had fired an advanced missile at US warships, highlighting the risk of further escalation just days after both sides exchanged strikes, according to a Tuesday Reuters report.In domestic news, total actual filled jobs in New Zealand rose by 0.3%, or 4,277 jobs, in the June quarter compared with the March quarter, according to data published by Stats NZ.Also, sales for businesses in New Zealand increased 8.9% year over year in the June quarter to NZ$214 billion, while their operating profit rose 7.9% to NZ$29 billion, data from Stats NZ showed.In corporate news, Bremworth (NZE:BRW) said the level of acceptances received under Mangawhai Collective's offer in respect of the Bremworth shares is 2.36%, as of the end of the day on Monday.F&C Investment Trust (NZE:FCT) said its net assets before charges at market value, excluding income, came in at 3.7593 pounds sterling per ordinary share as of Sept. 4.

^NZ50NZE:BRWNZE:FCT
Asia

Bremworth Says 2.36% Acceptances Received Under Mangawhai Collective's Partial Takeover Offer

Bremworth (NZE:BRW) said the level of acceptances received under Mangawhai Collective's offer in respect of the Bremworth shares is 2.36%, as of the end of the day on Monday, according to a Tuesday New Zealand bourse filing.Mangawhai Collective had made a partial takeover offer for 43.93667% of the fully paid ordinary shares in Bremworth that it does not already hold or control.Its shares rose 2% in recent trading on Tuesday.

NZE:BRW
Asia

Bremworth Rejects Floorscape Offer Amid Lack of Shareholder Support

Bremworth (NZE:BRW) declined Floorscape's revised NZ$0.95-per-share offer after major shareholders indicated insufficient support despite the bid being above Mangawhai's NZ$0.90-per-share partial offer, according to a Monday filing with the New Zealand bourse.The Floorscape scheme implementation agreement has, therefore, been terminated, allowing the company to proceed with Mangawhai's partial offer process, per the filing.The company will issue its target company statement, including the directors' recommendation and independent adviser's report, by Sept. 18 and strongly urges shareholders to take no action until they have reviewed the documents, the filing added.

NZE:BRW
Asia

New Zealand Shares Fall; Bremworth Receives Revised Takeover Offer From Floorscape

New Zealand shares fell on Thursday despite most Asian markets rallying after Wall Street shares rose overnight, as Treasury yields edged lower.The S&P/NZX 50 Index fell 0.61% or 84.39 points to close at 13,846.18.Overnight, the Nasdaq Composite and the S&P 500 added 0.5%, while the Dow Jones gained 0.6%.In domestic news, the ANZ World Commodity Price Index fell 0.4% month-on-month in August, weighed down by weaker beef and butter prices, according to a report from ANZ Research.Also, New Zealand's two-way trade increased by 16% to NZ$64.88 billion in the June quarter compared with the prior corresponding period, Stats NZ data showedFurther, the Reserve Bank of New Zealand (RBNZ) is expected to hike the cash rate by 25 basis points to 2.75% at its September meeting, reaffirming its tightening bias, Bank of New Zealand (BNZ) said.In corporate news, Bremworth (NZE:BRW) has received a revised NZ$0.95 per share offer from Floorscape to acquire 100% of its shares, subject to shareholder and court approval and customary conditions.Winton Land (ASX:WTN, NZE:WIN) appointed Michael Stiassny as independent chair, effective Wednesday.

^NZ50ASX:WTNNZE:BRWNZE:WIN
Asia

Bremworth Receives Revised Takeover Offer From Floorscape; Shares Up 15%

Bremworth (NZE:BRW) has received a revised NZ$0.95 per share offer from Floorscape to acquire 100% of its shares, subject to shareholder and court approval and customary conditions, according to a Thursday filing with the New Zealand bourse.The offer is seen as superior to Mangawhai Collective's proposed NZ$0.90 per share partial takeover of up to 55% of the company, as it provides a higher price and gives shareholders the option to fully exit rather than remain minority holders, per the filing.The company's board sub-committee will consult shareholders before deciding by Sept. 8 whether to proceed with the revised scheme implementation agreement, the filing said.Mangawhai has until Sept. 11 to submit a formal offer, with shareholders holding over 32% of the company having already signed lock-up deeds in support of the proposed bid, the filing added.The company said Mangawhai Collective, which holds nearly 20% of the company shares, has indicated it will not support a revised offer from Floorscape, a separate filing showed.The company's shares rose 15% in recent Thursday trade.

NZE:BRW
Asia

Bremworth Receives Partial Takeover Bid From Mangawhai Collective

Bremworth (NZE:BRW) has received notice of a proposed partial takeover from Mangawhai Collective, which is seeking to acquire nearly 44% of the company's shares at NZ$0.90 each and potentially increase its voting stake to 55% from roughly 20%, according to a Monday filing with the New Zealand bourse.The offer, if made, would exclude any dividends or other distributions and could be scaled back, so shareholders may not be able to sell all their shares at NZ$0.90, per the filing.The bidder has already secured lock-up commitments covering over 32% of the voting shares, the filing said.The company's board has established a sub-committee to oversee its response and strongly recommends that shareholders take no action until further guidance is provided, the filing added.

NZE:BRW
Asia

New Zealand Shares Flat; Bremworth Appoints CEO

New Zealand shares remained flat on Tuesday while Asian shares saw a broad-based decline amid a sell-off in Asian chip stocks.The S&P/NZX 50 Index was little changed to close at 13,861.93.On the domestic front, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.1%, or 2,728 jobs, month on month to 2.4 million in June, following a 0.2% increase in the previous month, data from Stats NZ showed.Also, the number of enterprises in New Zealand hit 603,549 in June, up from 598,137 in May, according to data by Stats NZ.Further, the cost of living for the average New Zealand household rose 3.2% in the 12 months to the June quarter, as measured by the household living-costs price indexes, according to data from Stats NZ.Meanwhile, New Zealand's unemployment rate is expected to rise 0.2 percentage points to 5.5% in the June quarter after some firms paused hiring in the wake of heightened global uncertainty and an oil price shock, according to a Tuesday note by ANZ.In corporate news, Bremworth (NZE:BRW) said Craig Woolford has been appointed as its permanent chief executive after serving in the role on an interim basis since April 2025.Black Pearl Group (NZE:BPG, ASX:BPG) reported fiscal first quarter annual recurring revenue (ARR) of NZ$27.2 million, up 95% year on year.

^NZ50ASX:BPGNZE:BPGNZE:BRW
Asia

Bremworth Appoints Permanent CEO

Bremworth (NZE:BRW) said Craig Woolford has been appointed as its permanent chief executive after serving in the role on an interim basis since April 2025, according to a Tuesday filing with the New Zealand bourse.

NZE:BRW
Asia

New Zealand Shares Hit All-Time High; Bremworth Says Largest Shareholder to Vote Against Floorscape Deal

New Zealand shares rose to an all-time high on Monday, while Asian shares remained mixed, starting the week with slight caution as the world awaits a peace deal between the US and Iran.The S&P/NZX 50 Index rose 1.07% or 144.68 points to close at 13,763.10.OPEC+ will raise output quotas by 188,000 barrels per day from August, adding further supply to global markets already under pressure from falling oil prices as the Strait of Hormuz gradually reopens to oil exports, Reuters reported on Sunday.In domestic news, New Zealand's total new lending increased to NZ$16.19 billion in May from NZ$14.17 billion in April, according to data from the Reserve Bank of New Zealand.Also, household savings in New Zealand rose by NZ$2 billion in the March quarter, with a related increase in the value of New Zealanders' financial assets to 3.3% over the past year, offsetting softness in the value of housing and land assets, Westpac said in a report.In corporate news, Bremworth (NZE:BRW) said shareholder David Ferrier and associated investors, who collectively hold a 19.413% stake in the company, have indicated that they intend to vote against the proposed scheme of arrangement with Floorscape.Infratil (NZE:IFT, ASX:IFT) said the independent valuation of its roughly 49.7% stake in CDC Data Centres has increased to AU$9.21 billion from AU$7.45 billion as of March 31.

^NZ50ASX:IFTNZE:BRWNZE:IFT
Asia

Bremworth Says Largest Shareholder to Vote Against Floorscape Deal; Shares Dive 16%

Bremworth (NZE:BRW) said shareholder David Ferrier and associated investors, who collectively hold a 19.413% stake in the company, have indicated that they intend to vote against the proposed scheme of arrangement with Floorscape, according to a Monday filing with the New Zealand bourse.The board said it was disappointed that Ferrier opposed the deal before shareholders had received the scheme booklet and independent adviser's report, reiterating its view that the transaction delivers the best value for shareholders, per the filing.The company added that it is also in talks with Floorscape to extend the scheme implementation agreement following delays to the Commerce Commission's decision, the filing said.Bremworth's shares tumbled 16% in recent Monday trade.

NZE:BRW
Asia

New Zealand Shares Flat; Bremworth Says New Zealand Commerce Commission Clears Floorscape Acquisition Proposal

New Zealand shares closed flat with a negative bias on Wednesday as markets weighed in on continued uncertainty around a US-Iran peace deal.The S&P/NZX 50 Index was little changed to close at 13,610.50.Iran said on Tuesday it would not meet top U.S. envoys who traveled to the region after hostilities broke out, dimming prospects for a lasting peace between the two countries, according to a Tuesday Reuters report.In domestic news, the national average asking price in New Zealand's property market held steady at NZ$866,314 in June, with new listings rising 4.3% year over year to 7,942 during the month, according to a report from realestate.co.nz.Also, the Reserve Bank of New Zealand (RBNZ) is likely to focus on risk management given current uncertainty, which should push it to raise the official cash rate by 25 basis points to 2.5% at a policy meeting next week, ANZ said.Further, the data suggests credit conditions are improving in New Zealand for many households and businesses, but confidence remains measured, and pockets of financial strain are still evident, Centrix said in its June Credit Indicator report.In corporate news, Bremworth (NZE:BRW) said the New Zealand Commerce Commission has granted clearance for Floorscape to acquire all of its shares under a scheme of arrangement.Spark New Zealand (ASX:SPK, NZE:SPK) said the New Zealand Government's proposed changes to its policy approach for the renewal of spectrum in the 2300MHz and 2600MHz bands are not expected to have a "material" direct operations impact.

^NZ50ASX:SPKNZE:BRWNZE:SPK
Asia

Bremworth Says New Zealand Commerce Commission Clears Floorscape Acquisition Proposal

Bremworth (NZE:BRW) said the New Zealand Commerce Commission has granted clearance for Floorscape to acquire all of its shares under a scheme of arrangement, according to a Wednesday filing with the New Zealand bourse.The company's board continues to endorse the transaction, considering it the best available option for maximizing shareholder value, per the filing.The company is currently negotiating with Floorscape to extend the scheme implementation agreement's end date due to regulatory delays while also exploring options to shorten the overall implementation timetable, the filing said.If no extension is agreed and the scheme is not implemented by Aug. 7, either party may terminate the agreement, the filing added.

NZE:BRW
Asia

New Zealand Shares Flat; Bremworth Backs Floorscape Agreement Amid Speculation Over Regulatory Clearance

New Zealand shares ended flat with a negative bias on Thursday as all Asian markets saw a sell-off amid continued hostilities between the US and Iran.The S&P/NZX 50 Index was little changed to close at 13,206.11.The US carried out overnight strikes in Iran targeting a military site and downed four Iranian one-way attack drones deemed a threat near the Strait of Hormuz, according to a Wednesday Reuters report, citing a US official."Over the next 2 weeks, we expect either a deal for a new ceasefire, or the current ceasefire will have collapsed with active hostilities resuming," said Madison Cartwright, a senior geo-economics ​analyst at Commonwealth Bank of Australia, as quoted by Reuters.In domestic news, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.2% month-over-month to 2.4 million in April, following a 0.3% increase in March, data from Stats NZ showed.Also, New Zealand's total number of enterprises rose to 603,354 in April 2026 from 596,721 in April 2025, according to data from stats.govt.nz.In corporate news, 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.Fonterra Co-operative Group (NZE:FCG) said the opening 2026/27 season forecast farmgate milk price is NZ$9.75 per kilogram of milk solids within a range of NZ$8 to NZ$11.

^NZ50NZE:BRWNZE:FCG
Asia

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

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.

NZE:BRW
Asia

Bremworth Says New Zealand Commerce Commission Further Extended Clearance Decision Date on Scheme Implementation Agreement; Shares Down 4%

Bremworth (NZE:BRW) said the New Zealand Commerce Commission further extended the clearance decision date on the company's scheme implementation agreement with Floorscape and Mohawk Industries to June 30, according to a Wednesday filing with the New Zealand bourse.Floorscape agreed to acquire all of the company's shares through a scheme of arrangement, under the agreement disclosed in October 2025, the filing said.If scheme implementation does not occur prior to the Aug. 7 end date, either the company or Floorscape may elect to terminate the agreement, per the filing.Bremworth shares fell 4% in midday trade in New Zealand.

NZE:BRW

Track with the FINWIRES app suite

FolioX
FolioX
Track NZE:BRW in your portfolio
WheelAI
WheelAI
Analyze NZE:BRW options with the wheel strategy
StockInsider
StockInsider
See market sentiment on NZE:BRW