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SkyCity Entertainment Group Limited (ASX:SKC)

ALERT: Price-sensitive ASX Announcement for SKC
Current share price for SKC : $0.540 -0.02 (-3.57%)+
Announcement
Release
25 Aug 2026 7:30AM
Price at Release
$0.560
Full Release
download
Summary
SkyCity Entertainment Group Limited responded to media speculation about potential takeover discussions with Oaktree Capital. In May 2026, SkyCity received unsolicited, non-binding proposals from a special situations fund managed by Oaktree Capital and another party, offering to acquire SkyCity's shares at NZ$0.70 and NZ$0.75 per share, respectively. These proposals included conditions such as due diligence, debt financing, regulatory and shareholder approvals. SkyCity's Board found the proposals unsatisfactory regarding the company's value and conditions. The Board invited revised proposals, but none were received. SkyCity remains focused on its strategic priorities, including an asset monetization program and a strategic review of SkyCity Adelaide.
Key Points
  • SkyCity received unsolicited takeover proposals from Oaktree Capital and another party.
  • Proposals offered NZ$0.70 and NZ$0.75 per share for SkyCity.
  • Proposals included conditions like due diligence and regulatory approvals.
  • SkyCity Board found proposals unsatisfactory and did not proceed.
  • SkyCity continues to focus on strategic priorities and asset monetization.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.