Straightedge deal approved by shareholders

Straightedge shareholders have approved the company's acquisition of Carter Holt Harvey's Straightedge division, a provider of software for the building industry.

Straightedge will buy the business as part of its key transaction, a listing requirement of the New Capital Market.

At yesterday's meeting in Auckland, Straightedge shareholders also approved the election of former TVNZ chief executive Rick Ellis and Hewlett-Packard New Zealand managing director Russell Hewitt as independent directors.