ACC claim: insurer ups the ante for MCK takeover bid
Increased holding and share price spike follows nine-month bidding stand-down for Singaporean majority holder CDL.
The Millennium Hotel, Queenstown.
Accident Compensation Corporation has made things trickier for any future takeover offer of Millennium & Copthorne by its majority shareholder.
That's after the Crown insurer added 2.73 million MCK shares to its portfolio, pushing its block to a strategic 7.3% in the hotel group.
Its series of share
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