M & C Hotels (MCK NZ): City Dev Blinks & Bumps
As this Offer heads towards the technical pointy end, I and some readers had some questions, especially on the likelihood of suspension at the...
314 Views
Millennium & Copthorne Hotels (MCK NZ): City Dev’s Final and Unconditional NZ$2.80 Offer
The offer is now unconditional. While the revised and final offer remains materially below the IFA valuation and NTA, it is attractive compared to...
301 Views
Millennium & Copthorne Hotels (MCK NZ): City Dev’s Unattractive Takeover Offer
The offer is materially below NTA. CDL has three options to address shareholder resistance: lower the minimum acceptance threshold, increase the...
314 Views
Millennium & Copthorne Hotels (MCK NZ): City Dev's Privatisation Offer
This is done. No other Offer will emerge. If small, illiquid arbs are your bent, look to enter here and on any weakness.
393 Views
Merger Arb Mondays (28 Apr) - Seven & I, Shibaura, Makino, Bright Smart, ENN Energy, Tam Jai
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
384 Views