The Independent Directors of Millennium & Copthorne Hotels New Zealand Limited are today sending a Letter to shareholders in relation to the increased offer from CDL Hotels Holdings New Zealand Limited (CDLHH NZ).
This includes important information in relation to the increased offer and shareholders are encouraged to read it carefully.
A copy of the Letter is attached.
Information in relation to the Offer can be viewed on MCK’s website https://mckhotels.co.nz/investors/takeover-offer/.
The freight and logistics firm said profits were down across its three main divisions.
"When is the total board going to resign?" asked one shareholder.
The market is disappointed about manufacturing challenges.
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