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Hot Topic Long reads
Investment
2 mins to read
1

Millennium & Copthorne majority owner bids to buy out minorities

Singaporean CDL offers $2.25 for 24% of hotel company it doesn’t already own – well below MCK’s net tangible asset value of $3.36 per share.

Millennium & Copthorne’s MSocial hotel in Auckland.

Will Mace Mon, 20 Jan 2025

Millennium & Copthorne Hotels’ Singapore-based majority owner City Developments Ltd has announced it intends to make an offer for the 24.14% of the NZX-listed company it doesn’t already own.

CDL is offering $2.25 per share in cash, which it said is a 25% premium to the share price at Friday’s

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Will Mace Mon, 20 Jan 2025
Contact the Writer: william@nbr.co.nz
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Investment

Millennium & Copthorne's revenue and hotel occupancy rises
Investment

Millennium & Copthorne ‘disappointed’ with rule breach penalty
Hunter’s Corner
4

A hotel company with an attitude problem
Investment

Millennium & Copthorne’s profit nose-dives as CDL struggles

Property
6

Hotel owner in talks over downtown Auckland project
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment

Millennium & Copthorne's revenue and hotel occupancy rises
Investment

Millennium & Copthorne ‘disappointed’ with rule breach penalty
Hunter’s Corner
4

A hotel company with an attitude problem
Investment

Millennium & Copthorne’s profit nose-dives as CDL struggles

Property
6

Hotel owner in talks over downtown Auckland project
Millennium & Copthorne majority owner bids to buy out minorities
Investment,
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