NZ sharemarket falls 0.6% as Bremworth takeover battle heats up

New Zealand's S&P/NZX50 Index fell 0.61% to close at 13,846.18, with 62 gainers and 75 decliners, as the market took a breather after outperforming the previous day. The decline was driven by profit-taking, with analysts citing a favorable interest rate environment and no cause for alarm. Key losers included Fisher & Paykel Healthcare, down 31c to $44.29, and Mainfreight, down $1 to $65.50. The takeover battle for carpet maker Bremworth intensified as Mohawk Industries raised its offer to 95c per share, up from 75c, topping a rival partial bid. The stock jumped 14.93% to 77c.