Millennium & Copthorne Hotels (MCK NZ): City Dev’s Unattractive Takeover Offer

289 Views20 Jan 2025 14:23
The offer is materially below NTA. CDL has three options to address shareholder resistance: lower the minimum acceptance threshold, increase the offer price, or continue extending the close.
What is covered in the Full Insight:
  • Introduction to the Takeover Offer
  • Key Conditions of the Offer
  • Shareholder Resistance and CDL Options
  • Assessment of Offer vs. NTA
  • Comparison with Historical Trading Ranges
SUMMARY
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Full Insight
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