Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
City Developments ( (SG:C09) ) has shared an announcement.
Millennium & Copthorne Hotels New Zealand Limited (MCK) is facing a takeover offer from CDL Hotels Holdings New Zealand Limited (CDLHH NZ), which the Independent Directors of MCK recommend shareholders not to accept. The offer price of $2.25 per share is deemed too low compared to the Independent Adviser’s valuation range of $4.40 to $5.00 per share. The directors argue that the offer undervalues MCK’s assets and potential market recovery benefits, urging shareholders to disregard the offer documents and seek professional advice.
More about City Developments
YTD Price Performance: 0.27%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.4B
See more data about C09 stock on TipRanks’ Stock Analysis page.
