New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>The Commerce Commission has cleared Contact Energy to acquire Manawa Energy, with the deal price at a significant premium to its recent share price.</li><li>MNW shareholders will receive NZ$1.12 cash and 0.583 CEN shares per share, implying a value of NZ$6.36 per share—a +31% premium to the pre-announcement close.</li><li>The necessary remaining steps before the takeover is finalized include an independent valuer's report, shareholder approval, and High Court approval.</li></ul>

The Commerce Commission has cleared Contact Energy to acquire Manawa Energy, with the deal price at a significant premium to its recent share price.MNW shareholders will receive NZ$1.12 cash and 0.583 CEN shares per share, implying a value of NZ$6.36 per share—a +31% premium to the pre-announcement close.The necessary remaining steps before the takeover is finalized include an independent valuer's report, shareholder approval, and High Court approval.

Manawa Energy - Seeing Red—ComCom Clears CEN's Takeover

Manawa Energy Ltd

Manawa Energy - Seeing Red—ComCom Clears CEN's Takeover