The Value of Kiwibank

Prompted by the announcement of the government acquiring Kiwibank for $2.1 billion, I wanted to know how they calculated that. The amount is large, about $400 per New Zealander. If you spend over $400 on something, I'm guessing you'd want to know why $400 and not one dollar, or perhaps $350?

In the last couple of weeks, I've been working on the Kiwibank …