Millennium & Copthorne Hotels’ takeover snub by Sharesies disappoints shareholder

The NZX-listed hotel group is staying on the NZX. (Image: NZME)

Wed, 04 Jun 2025

Sharesies’ failure to give users the ability to participate in the takeover offer of a hotel group has led one former user to search for a new trading platform. A Sharesies customer told BusinessDesk they had emptied their wallet and sold down holdings they had in the Sharesies platform after becoming frustrated they couldn’t opt into a takeover offer for Millennium & Copthorne Hotels (MCK) through the app.They had bought the shares in the NZX-listed hotel group after reading that MCK’s majority shareholder had a plan...

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