Shareholders in Marsden Maritime Holdings (NZX:MMH) today voted for a buyout by a consortium comprising Northland Regional Council, Port of Tauranga Limited (NZX:POT) and Tupu Tonu.
A joint announcement from the consortium is linked below.
An application to the High Court will now be made to approve the Scheme of Arrangement, which will see the consortium buyout non-Northland Regional Council shareholders at $5.60 per share and pave the way for Northport and Marsden Maritime Holdings to be merged into a single entity.
