Council's Lyttelton Port takeover goes unconditional

Fri, 19 Sep 2014

By Paul McBeth Sept. 19 (BusinessDesk) - Christchurch City Holdings, the city council's investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. Christchurch City Council's investment and infrastructure unit, was offering $3.95 a share, and a 20 cents per share special dividend for a total of $4.15 to mop up the remaining stock after entering into a lock-up agreement with Port Otago. Christchurch City Holdings today completed the deal with Port Otago, a...

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