SkyCity Confirms Oaktree Takeover Approach After Shares Jump
SkyCity Entertainment has confirmed that it received an unsolicited takeover proposal from a special situations fund managed by Oaktree Capital Management in May 2026. The conditional, non-binding proposal offered NZ$0.70 cash per SkyCity share, while a separate unnamed party proposed an implied price of NZ$0.75 per share. SkyCity’s board unanimously rejected both proposals after deciding […]