Looks like the NZ gov were the ones who may have told AIZ to settle that class action even if they thought they could win it..
http://www.stuff.co.nz/business/ind...to-12-billion-in-damages-in-cargo-cartel-case
Had they have lost they could have faced a $12Billion dollar bill and given the NZ government owns 53% of the company they would not have liked the risk I bet..
Good news is that its done now - the market can now focus on earnings and the Virgin sale
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Last
53.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.754B | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.5¢ | 52.5¢ | $232.8K | 439.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 174627 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 170634 | 16 |
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| Last trade - 14.28pm 27/06/2025 (20 minute delay) ? |
| AIZ (ASX) Chart |