Iwi challenge stalls Horizon takeover NZPA
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Horizon Energy posts $3.8m profit No Source Horizon Energy Distribution Ltd reported a net profit after tax of $3.83 million for the six months to September 30, little changed from the $3.8m in the same period last year. |
Marlborough Lines takeover rejected No Source Marlborough Lines Ltd., the Blenheim-based lines company, has had its takeover bid for network operator Horizon Energy Distribution Ltd. scuppered by the company’s major shareholder. |
Horizon directors recommend rejection of bid No Source Horizon Energy directors are recommending shareholders reject Marlborough Lines' partial takeover offer for 51 percent of the company. |
Marlborough Lines making bid for Horizon Energy No Source Marlborough Lines Ltd, an energy distributor in the upper South Island, offered to acquire control of Horizon Energy, its Eastern Bay of Plenty counterpart, continuing a consolidation that has seen the number of lines companies halve in the past decade. |
Horizon Energy lifts profit forecast No Source Horizon Energy has lifted its headline after tax profit forecast by $700,000 to around $5.1 million for the year to March.
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Horizon Energy lifts 2009 forecast No Source Whakatane-based electricity lines company Horizon Energy is forecasting after tax profit between $5.7 million and $6 million for the year to the end of March 2009. |
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