Sharechat Logo

Metro's view of Viridian's Com Com application

Thursday 5th June 2025

Text too small?

The NZ Commerce Commission has today published an application by Viridian NZ BidCo Limited (a company managed by Crescent Capital) for clearance to acquire Metro.

 

Without commenting on the merits of the application or detailing all of the issues contained within, Metro considers that a number of the statements and implications in the application offer a misleading view of the glass industry in New Zealand, as well as Metro’s own position and outlook. In addition, a considerable number of specific claims and statements made in the application are not consistent with Metro’s own data and industry feedback. It is also noteworthy that the applicant ignores the significant contribution and positive outlook of Metro’s Australian subsidiary AGG.

 

As announced on 28 February, Metro’s directors remain of the view that it is not in the interests of the company or shareholders to engage with Crescent on its highly conditional proposal for the reasons then outlined. Please refer to that announcement for further info www.nzx.com/announcements/447645.

 

ENDS

 

 



  General Finance Advertising    

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.

Related News:

MNW - Senior management changes
June 19th Morning Report
GEN - Dividend Reinvestment Plan Strike Price
Scott Secures $27M in Global Contracts
June 18th Morning Report
June 17th Morning Report
PEB - Chair to Seek Re-Election; Director Nominations
Devon Funds Morning Note - 16 June 2025
TRU - Key Markets Update
THL receives unsolicited non-binding offer