ACC slams CDL's new offer for Millennium & Copthorne shares

(Image: NZME)

Tue, 22 Apr 2025

The Accident Compensation Corporation said CDL Hotels Holdings New Zealand’s revised bid for Millennium & Copthorne Hotels NZ shares is “unreasonable and opportunistic” and it won’t accept it.“While ongoing ownership of shares in a highly illiquid company is not an attractive prospect for shareholders, we believe the alternative on offer is a materially worse option,” it said.The Accident Compensation Corporation (ACC), which holds about 4.5% of the shares in Millennium & Copthorne Hotels NZ (MCK) (ex...

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