Sky City Entertainment Acquires Most of Sky City Leisure Shares
10 Jun 2004
NEW ZEALAND – As reported by Bloomberg: "Sky City Entertainment Group Ltd., New Zealand's largest casino operator, said it will acquire cinema company Sky City Leisure Ltd. after gaining control of 95.8 percent of the company's shares.
"Sky City Entertainment, based in Auckland, already owned 74 percent of the cinema company when it sought the rest in April. It paid 82 New Zealand cents apiece for Sky City Leisure shares and NZ$1.60 for each mandatory convertible note…"