Share buybacks boost mergers

The figure was up 37% on the same period last year. The two buybacks were worth $126 million and $49 million respectively.

PPCS' $38 million acquisition of fellow meat processor Richmond, the $33 million acquisition by ING of AMP's Dress-Smart factories, and Salmond Smith Biolab's $25 million sale of Biolab to Australia's Alesco (see story below) were in third, fourth and fifth place.

Wrightson's market stand for Genesis Research and Development shares was worth $15 million.

Telstra spent $15 million buying Austar out of TelstraClear, Steel & Tube Holdings paid $14 million for Hurricane Wire Products, and Southern Capital paid $10 million buying Hirequip. Investment bank JB Were topped the adviser tables with deals worth $628 million while Cameron & Co came second with $592 million. ­

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report
KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis