Arvida Group Limited
Transaction Type: Scheme of arrangement
Offeror / Other Party: Stonepeak Alps BidCo Limited
Independent Adviser(s): Grant Samuel & Associates Limited
Date of meeting: 17/10/2024
On 20 July 2024, Arvida Group Limited (Arvida), an NZX-listed company, and Stonepeak Alps BidCo Limited (Stonepeak) entered into a scheme implementation agreement under which Stonepeak would acquire 100% of the fully paid ordinary shares in Arvida for consideration of $1.706 per share.
On 17 October 2024, Arvida shareholders voted to approve the scheme. The High Court granted final orders on 18 October 2024. The scheme was implemented, and Arvida was delisted from the NZX, on 20 November 2024.
Grant Samuel & Associates Limited prepared the independent adviser’s report on the merits of the transaction.
