Latest news with #Millennium&Copthorne
National Business Review
27-04-2025
- Business
- National Business Review
Catch 22 presented to Millennium & Copthorne minorities
Millennium & Copthorne has stuck to its guns in advising minority shareholders not to accept CDL Hotels Holdings' updated offer. In a letter to shareholders today, independent directors in the NZX-listed hotel group said they believe the revised offer price of $2.80 per share by the
National Business Review
22-04-2025
- Business
- National Business Review
ACC says no deal to Singaporean MCK bid
The Accident Compensation Corporation won't accept CDL Hotels' revised offer for its 4.5% stake in Millennium & Copthorne (MCK), suggesting that the $2.80 offer represents less than half of the value it will acquire. Shares in the NZX-listed hotel group were up 26.85% yesterday, closing at $2.74
National Business Review
22-04-2025
- Business
- National Business Review
CDL sweetens Millennium & Copthorne offer to $2.80
NZX-listed Millennium & Copthorne shares jumped 20% in early afternoon trade on Tuesday to $2.60 after CDL Hotels announced it would increase its offer to mop up minorities in the hotel company by 55 cents to $2.80 a share. The original offer at $2.25 a share – made on January 20, for the 24.14%
