NZ regulator delays ruling on Tower's takeover by Vero

The New Zealand regulator has pushed back the date of its final
decision on Suncorp-owned Vero's acquisition of Tower to 26
July, citing competition concerns about the deal.
In a statement released Friday the Commerce Commission said it
was concerned about the impact of the takeover on the domestic
house and contents and private motor insurance markets.
The regulator said it had sent a 'letter of unresolved
issues' to Vero on 16 June which outlined its concerns.
Vero requested additional...