Meridian Energy to Acquire NZ Windfarms in NZ$91 Million Deal; NZ Windfarms Shares Hit 3.5-Year High

MT Newswires Live

Feb 19, 2025

Meridian Energy (ASX:MEZ, NZE:MEL) plans to acquire NZ Windfarms (NZE:NWF) via a court-approved scheme of arrangement for NZ$0.25 cash per share, corresponding to an equity value for the firm of NZ$91 million, according to filings with the Australian and New Zealand bourses on Wednesday.

Meridian already holds a 19.99% shareholding in the energy firm.

The acquisition is conditional upon approvals from NZ Windfarms' shareholders as well as the High Court of New Zealand.

Robert Stone and Salt Funds Management, who together own about 14% of NZ Windfarms, entered voting deeds to vote their shares in favor of the deal.

The firms are parties to a 50-50 joint venture to repower the Te Rere Hau Wind Farm in Manawatu, and for Meridian to purchase 100% of the generation from the wind farm.

Meridian Energy's shares fell past 2% on the Australian share market and rose almost 2% on the New Zealand exchange. NZ Windfarms' shares surged nearly 86%, earlier hitting their highest since September 2021.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2512141581"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2512141581\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2512141581?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-19 08:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2512141581","market":"sg","top_or_hot":-1,"title":"Meridian Energy to Acquire NZ Windfarms in NZ$91 Million Deal; NZ Windfarms Shares Hit 3.5-Year High","media":"MT Newswires Live","content":"<html><body><p> Meridian Energy (ASX:MEZ, NZE:MEL) plans to acquire NZ Windfarms (NZE:NWF) via a court-approved scheme of arrangement for NZ$0.25 cash per share, corresponding to an equity value for the firm of NZ$91 million, according to filings with the Australian and New Zealand bourses on Wednesday.</p><p>Meridian already holds a 19.99% shareholding in the energy firm.</p><p>The acquisition is conditional upon approvals from NZ Windfarms' shareholders as well as the High Court of New Zealand.</p><p>Robert Stone and Salt Funds Management, who together own about 14% of NZ Windfarms, entered voting deeds to vote their shares in favor of the deal.</p><p>The firms are parties to a 50-50 joint venture to repower the Te Rere Hau Wind Farm in Manawatu, and for Meridian to purchase 100% of the generation from the wind farm.</p><p>Meridian Energy's shares fell past 2% on the Australian share market and rose almost 2% on the New Zealand exchange. NZ Windfarms' shares surged nearly 86%, earlier hitting their highest since September 2021.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meridian Energy to Acquire NZ Windfarms in NZ$91 Million Deal; NZ Windfarms Shares Hit 3.5-Year High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeridian Energy to Acquire NZ Windfarms in NZ$91 Million Deal; NZ Windfarms Shares Hit 3.5-Year High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-19 08:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Meridian Energy (ASX:MEZ, NZE:MEL) plans to acquire NZ Windfarms (NZE:NWF) via a court-approved scheme of arrangement for NZ$0.25 cash per share, corresponding to an equity value for the firm of NZ$91 million, according to filings with the Australian and New Zealand bourses on Wednesday.</p><p>Meridian already holds a 19.99% shareholding in the energy firm.</p><p>The acquisition is conditional upon approvals from NZ Windfarms' shareholders as well as the High Court of New Zealand.</p><p>Robert Stone and Salt Funds Management, who together own about 14% of NZ Windfarms, entered voting deeds to vote their shares in favor of the deal.</p><p>The firms are parties to a 50-50 joint venture to repower the Te Rere Hau Wind Farm in Manawatu, and for Meridian to purchase 100% of the generation from the wind farm.</p><p>Meridian Energy's shares fell past 2% on the Australian share market and rose almost 2% on the New Zealand exchange. NZ Windfarms' shares surged nearly 86%, earlier hitting their highest since September 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MEZ.AU","symbol_name":"MERIDIAN ENERGY LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2512141581","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512141581","pubTimestamp":1739924892,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Meridian Energy  plans to acquire NZ Windfarms  via a court-approved scheme of arrangement for NZ$0.25 cash per share, corresponding to an equity value for the firm of NZ$91 million, according to filings with the Australian and New Zealand bourses on Wednesday.Meridian already holds a 19.99% shareholding in the energy firm.The acquisition is conditional upon approvals from NZ Windfarms' shareholders as well as the High Court of New Zealand.Robert Stone and Salt Funds Management, who together own about 14% of NZ Windfarms, entered voting deeds to vote their shares in favor of the deal.The firms are parties to a 50-50 joint venture to repower the Te Rere Hau Wind Farm in Manawatu, and for Meridian to purchase 100% of the generation from the wind farm.Meridian Energy's shares fell past 2% on the Australian share market and rose almost 2% on the New Zealand exchange. NZ Windfarms' shares surged nearly 86%, earlier hitting their highest since September 2021.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MEZ.AU":"MERIDIAN ENERGY LTD","XJO.AU":"标普/澳交所 200指数","BK7060":"新能源发电业者","XKO.AU":"标普/澳交所 300指数","EBSB":"莫里迪恩洲际合众银行","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"Meridian Energy将以9100万新西兰元收购新西兰风电场；新西兰风电场股价创3.5年新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MEZ.AU":0.9,"XKO.AU":0.68,"XJO.AU":0.68,"EBSB":1,"XAO.AU":0.68},"content_text":"Meridian Energy (ASX:MEZ, NZE:MEL) plans to acquire NZ Windfarms (NZE:NWF) via a court-approved scheme of arrangement for NZ$0.25 cash per share, corresponding to an equity value for the firm of NZ$91 million, according to filings with the Australian and New Zealand bourses on Wednesday.Meridian already holds a 19.99% shareholding in the energy firm.The acquisition is conditional upon approvals from NZ Windfarms' shareholders as well as the High Court of New Zealand.Robert Stone and Salt Funds Management, who together own about 14% of NZ Windfarms, entered voting deeds to vote their shares in favor of the deal.The firms are parties to a 50-50 joint venture to repower the Te Rere Hau Wind Farm in Manawatu, and for Meridian to purchase 100% of the generation from the wind farm.Meridian Energy's shares fell past 2% on the Australian share market and rose almost 2% on the New Zealand exchange. NZ Windfarms' shares surged nearly 86%, earlier hitting their highest since September 2021.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}