Published 19 November 2005
George Gould has agreed to sell his 54% of Mike Pero Mortgages Ltd to NZ Finance Holdings Ltd at 82c/share as part of a full Pero takeover.
Gould Holdings Ltd bought into Pero in March 2004 and Pero listed in May 2004. NZ Finance Holdings listed in October 2004 after the Huljich family came in as a cornerstone shareholder. Founder & managing director is John Callaghan, a former senior executive at the Bank of New Zealand & ASB Bank Ltd.
NZ Finance Holdings is expected to issue its takeover notice by Tuesday 22 November for an offer to be made by mid-December. Humphry Rolleston will chair the Pero committee of independent directors, with Abigail Foote & Mr Pero as members.
The Pero share price has risen from 65c at the start of October to 76c before the NZ Finance Holdings bid and an 81c close on Friday.
Websites: NZ Finance Holdings