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Sena & Co Proposes Full Takeover of 2 Cheap Cars at NZ$0.80 Per Share
6:30am on Monday 13th of July, 2026 AEST
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Automotive Retail
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Sena & Co Proposes Full Takeover of 2 Cheap Cars at NZ$0.80 Per Share
6:30am on Monday 13th of July, 2026 AEST
Key Points
Sena & Co owns 75.9% of 2 Cheap Cars shares
Offer price set at NZ$0.80 per share in cash
Offer conditional on reaching 90% ownership threshold
Funding secured via ANZ senior debt and family loans
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2 Cheap Cars (NZX:2CC)
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