Mortgage News

Liberty may allow Pero's to be privatised

Wednesday 15th of February 2006
Earlier this month, Liberty snagged a 10.1% stake in Mike Pero Mortgages (MPM) for $1.10 a share after a stand in the market.

New Zealand Finance gained 55% of MPM for 82 cents a share after a takeover bid last year. In late January, it launched a second takeover bid for the minorities priced at $1.05 a share.

While NZ Finance’s offer isn’t conditional on passing the 90% threshold which...

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