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

ACC slams CDL's new offer for Millennium & Copthorne shares
(Image: NZME)
Rebecca Howard
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...

More Markets

How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

NZX rallies 0.87% as tariff uncertainty eases
Markets Market Close

NZX rallies 0.87% as tariff uncertainty eases

Skellerup bounced 4.11% as investors digested easing tariffs. 

Gregor Thompson 13 May 2025
Flick not profitable before $70m sale to Meridian
Markets

Flick not profitable before $70m sale to Meridian

After eight years of trying in electricity retailing, Z throws in the towel.

Ian Llewellyn 13 May 2025
Vista to take 25 Picturehouse Cinema sites to the cloud in 2025
Markets

Vista to take 25 Picturehouse Cinema sites to the cloud in 2025

The listed cinema software firm has its AGM on May 21.