Wesfarmers bid for API threatened; Kiwi Property Group and IKEA reach a deal; GM revises its 2021 guidance.

Recap

English - December 02, 2021 03:52 - 11 minutes - 16.2 MB - ★★★★★ - 2 ratings
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Previous Episode: Allbirds grows revenues but widens losses; Meta might be forced to undo an acquisition; Salesforce guidance fails to meet expectations.

Next Episode: IPO Friday: Grab goes public; A new listing for the NZX; Is 2021 the Year of the IPO?

Kiwi Property Group (KPG) and IKEA reach an agreement on the sale of land in Auckland. The Wesfarmer (WES) takeover of Australian Pharmaceutical Industries (API) is dealt a blow by interloper Woolworths (WOW). The 2021 guidance from General Motors (GM) is revised reflecting strong customer demand and weaker than expected supply issues.

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