✋ SkyCity Entertainment Group has acknowledged it rejected two unsolicited acquisition proposals in May, including a NZ$0.70-per-share cash approach from an Oaktree Capital Management special situations fund.
The disclosure followed media reports that linked SkyCity to discussions with Oaktree. The casino operator also revealed that a second, unnamed party had proposed a separate NZ$0.75 per share offer. Both approaches were confidential and non-binding.
Based on SkyCity’s 1.103 billion ordinary shares, the Oaktree proposal valued its equity at about NZ$772m. The other bid implied roughly NZ$827m.
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August 25, 2026 205
