Mergers & AcquisitionsMedium•15 November 2026•
1 min read
Metro Performance Glass Shares Jump 50% on Amari Metals Cash Takeover Bid
Key Facts
1Metro Performance Glass shares jumped over 50% following a full cash takeover proposal.
2Amari Metals proposed to acquire all outstanding shares at $1.65 per share.
3The offer price represents a 64.2% premium over the last closing price of $1.01.
Metro Performance Glass shares jumped over 50% following a full cash takeover proposal from Amari Metals. BusinessDesk reported that the offer seeks to acquire all outstanding shares at $1.65 per share, representing a 64.2% premium over the last closing price of $1.01 on November 13, 2026.
The company has established an independent committee to evaluate the proposal, which aims to take the firm private and delist it from the NZX and ASX if ownership reaches 90%. The bid follows a period of financial improvement where operating cash flow rose to $15.7 million in the 2025 financial year and debt was reduced by $31 million compared to the previous year.