{"id":564642,"date":"2026-08-10T11:44:08","date_gmt":"2026-08-10T11:44:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/564642\/"},"modified":"2026-08-10T11:44:08","modified_gmt":"2026-08-10T11:44:08","slug":"bremworths-largest-shareholder-lines-up-20m-partial-takeover","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/564642\/","title":{"rendered":"Bremworth\u2019s largest shareholder lines up $20m partial takeover"},"content":{"rendered":"<p>BusinessDesk<\/p>\n<p>10 Aug, 2026 03:11 AMQuick Read<\/p>\n<p>Subscribe to listenAccess to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe now<\/p>\n<p>\u200c<\/p>\n<p><a href=\"#\" class=\"flex cursor-pointer items-center gap-1.5 text-black\" data-test-ui=\"social-link--bookmark-above\" aria-label=\"bookmark\" id=\"social-link--bookmark-above\">Save<\/a>Share this articleCopy LinkEmailFacebookTwitter\/XLinkedInReddit<\/p>\n<p data-test-ui=\"figure__caption\">Bremworth&#8217;s yarn-spinning plant in Napier. Photo \/ NZME<\/p>\n<p class=\"\">The largest shareholder of Bremworth is lining itself up for a partial takeover of the carpet-maker worth at least $20 million.<\/p>\n<p class=\"\">\n         According to an NZX notice on Monday morning, David Ferrier\u2019s Mangawhai Collective signed lock-up deeds with 13 shareholders over the weekend as it considered making a partial takeover that<br \/>\n         could result in it holding between 50% and 55% of the NZX-listed business.\n        <\/p>\n<p class=\"BXSdIJQrZoWgYbVqzX\" style=\"display:none\">Ferrier\u2019s Mangawhai Collective, which currently controls 19.7% of Bremworth, signed the agreements with members of the Timpson and Woolf families as well as Grant Biel\u2019s Rural Aviation (1963) entity.<\/p>\n<p class=\"BXSdIJQrZoWgYbVqzX\" style=\"display:none\">All up, it would acquire roughly 22.2 million shares from the individual shareholders.<\/p>\n<p class=\"BXSdIJQrZoWgYbVqzX\" style=\"display:none\">The lock-up letters said the offer would be made for no less than 90 cents per share, indicating it would be worth at least $20m.<\/p>\n","protected":false},"excerpt":{"rendered":"BusinessDesk 10 Aug, 2026 03:11 AMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium subscription.&hellip;\n","protected":false},"author":2,"featured_media":564643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[18479,123178,162123,138,277894,26662,19136,5840,22511,80151,1132,111,139,69,25018,26264,26592,810,19985],"class_list":["post-564642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-20m","tag-bremworth","tag-bremworths","tag-business","tag-carpetmaker","tag-itself","tag-largest","tag-least","tag-lines","tag-lining","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-partial","tag-shareholder","tag-takeover","tag-up","tag-worth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/564642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=564642"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/564642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/564643"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=564642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=564642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=564642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}