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Sena & Co Proposes NZ$0.80 Per Share Takeover to Privatise 2 Cheap Cars
12:03pm on Monday 27th of July, 2026 AEST
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Automotive Retail
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Sena & Co Proposes NZ$0.80 Per Share Takeover to Privatise 2 Cheap Cars
12:03pm on Monday 27th of July, 2026 AEST
Key Points
Offer price of NZ$0.80 per share represents 20-39% premium
Sena & Co holds 75.9% and seeks at least 90% ownership
Offer conditional on financing and acceptance thresholds
Independent directors unanimously recommend acceptance
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2 Cheap Cars (NZX:2CC)
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