"We do not believe TeamTalk can deliver a better outcome for its shareholders than Spark's offer." I have successfully led turnarounds before and I know that TeamTalk is off the bottom and going back up. A share price of 80 cents is a fabulous deal for Spark and a poor one for TeamTalk's shareholders." We believe that these transactions have the potential to provide a better outcome for our shareholders." Spark has dropped its condition for Overseas Investment Office approval for the deal, after determining it could remove the condition following further investigation.

Source: New Zealand Herald March 08, 2017 20:37 UTC