NZ's Bremworth slides as Floorscape takeover faces regulatory uncertainty
28/05/2026 04:50
BUZZ-NZ's Bremworth slides as Floorscape takeover faces regulatory uncertainty ** Shares of Bremworth BRW.NZ fall as much as 2.9% to NZ$0.68, hitting their lowest point since May 1
** The rug and carpet maker acknowledges speculation on strategic options in the event New Zealand Commerce Commission declines Floorscape's clearance application to acquire co
** Reiterates that the board believes the scheme represents the best available opportunity to deliver "compelling value and certainty" to shareholders
** Adds in the event NZCC does not provide clearance, board to assess all strategic options available to co
** More than 87,000 shares change hands, 2.4 times the 30-day average
** Stock down 8.6% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
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