NZ Experience Ltd shares will cease trading on the NZX next Monday and the company will be delisted from close of business on Thursday 28 February following Rangatira Ltd’s successful takeover.
Rangatira issued a compulsory acquisition notice on Tuesday after acquiring more than the necessary 90% of shares.
14 February 2013: Rangatira gets over 90% barrier at NZ Experience
30 January 2012: Rangatira threatens delisting if it can’t achieve full NZ Experience takeover
11 December 2012: NZ Experience chairman cautious ahead of Monday takeover offer
26 November 2012: Rangatira to make full takeover bid for NZ Experience
6 August 2012: New effort to sell Canadian’s 75% of NZ Experience
1 December 2011: McKenzie Trust’s Rangatira looking for new businesses to invest in
15 July 2010: Rainbow’s End sale will complete Toronto estate’s exit from NZ
Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.