Auckland airport shares return to previous highs

The S&P/NZX 50 Index had a choppy session, trading between a low of 11,909.78 and high of 11,957.97 before closing at 11,918.22 – down 16.76 points or 0.14%.

There were 65 gainers and 74 decliners on the main board, with 33.42 million shares worth $109.43m changing hands.

Shareholders at the special meeting voted 93.7% in favour of investment firms Sixth Street and BGH Capital taking over software company Pushpay Holdings at $1.42 per share. Pushpay last traded at $1.41.

Matt Goodson, managing director of Salt Funds Management, said Pushpay’s market was in the United States and listed in NZ and a takeover was always going to happen one day.