KEY POINTS:
Auckland Airport shareholders who sold into the Canadian partial takeover bid will know next week what they will be paid if the deal goes ahead.
The Canada Pension Plan Investment Board (CPP) today confirmed that it intends to provide details of the final levels of acceptances of shares in the airport next Tuesday.
Under the terms of the offer, acceptance forms post-marked not later than March 13 may be counted as valid acceptances.
CPP said today would be the cut-off for receipt of acceptance forms.
Shareholders are due to be paid by April 18, if the Government approves the deal.
The Overseas Investment Office is now assessing the application but the final decision will be up to Land Information Minister David Parker and Associate Finance Minister Clayton Cosgrove, who will apply stricter criteria following an amendment to foreign investment laws.
The ministers have until April 11 to make their call.
Both the CPP and Auckland Airport board have called for an early decision to give certainty to shareholders.
Figures last Friday showed the deal looks set to deliver a value of about $3.18 per share for shareholders who accepted although further acceptances will reduce this figure.
