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Greg Smith: Devon Funds Management expert unpacks the Warehouse takeover offer deal

EPISODE · Jul 23, 2024 · 4 MIN

Greg Smith: Devon Funds Management expert unpacks the Warehouse takeover offer deal

from Best of Business · host Newstalk ZB

Details surrounding the Warehouse takeover offer have been revealed. Australian private equity firm Adamantem Capital Management has offered to buy the business for $1.50 to $1.70 a share, valuing it at a total of $590 million. Greg Smith from Devon Funds Management has labelled this move 'opportunistic' as the retail sector struggles. "They haven't even got a CEO - it does seem to be quite opportunistic, particularly if you've got a ray of light for the retail sector if we do get that rate cut from RBNZ."  LISTEN ABOVE  See omnystudio.com/listener for privacy information.

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Greg Smith: Devon Funds Management expert unpacks the Warehouse takeover offer deal

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