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Greg Smith: Devon Funds Management expert unpacks the Warehouse takeover offer deal

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Manage episode 430309987 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Details surrounding the Warehouse takeover offer have been revealed.

Australian private equity firm Adamantem Capital Management has offered to buy the business for $1.50 to $1.70 a share, valuing it at a total of $590 million.

Greg Smith from Devon Funds Management has labelled this move 'opportunistic' as the retail sector struggles.

"They haven't even got a CEO - it does seem to be quite opportunistic, particularly if you've got a ray of light for the retail sector if we do get that rate cut from RBNZ."

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See omnystudio.com/listener for privacy information.

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7166 episodes

Artwork
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Manage episode 430309987 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Details surrounding the Warehouse takeover offer have been revealed.

Australian private equity firm Adamantem Capital Management has offered to buy the business for $1.50 to $1.70 a share, valuing it at a total of $590 million.

Greg Smith from Devon Funds Management has labelled this move 'opportunistic' as the retail sector struggles.

"They haven't even got a CEO - it does seem to be quite opportunistic, particularly if you've got a ray of light for the retail sector if we do get that rate cut from RBNZ."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7166 episodes

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