BusinessDesk | Tuesday March 20, 2012 | 2 comments
NZX has gone with the popular choice and is switching its index weightings to a ‘pure free float’, meaning only stock not held in a majority stake is counted.
Fletcher Building’s Formica business is to buy the remaining 50% of metal and sheet laminates manufacturer and distributor Homapal it does not already hold, for €30 million ($NZ48 million).