News

Arbitrage fund sits on sidelines

Thursday 15th of April 2004
While a couple of high profile takeover offers are preoccupying the New Zealand market the first investment fund deliberately established to exploit takeovers and corporate restructurings is having to sit on the sidelines.

Merchant bank Bancorp managing director Craig Brownie says his company has extended the offer period for its unlisted unit trust, the Bancorp Merger Arbitrage Fund, until Ma...

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