Feb 23 (Reuters) - Aspen Group Ltd (APZ) :
- Says received an unsolicited proposal from mill hill capital
- Aspen Group would acquire edward baillie capital hotel & leisure fund's hotel
/ motel portfolio and operations for $31.35 million
- Says mhc proposal is that Aspen Group would appoint john carter and david
dixon as joint chief executive officers of Aspen Group
- Would undertake an off-market buyback at a price of $1.20 per Aspen Group
security of up to 25% of Aspen Group issued capital
- Says mhc proposal is expected to be accretive to both earnings and
distributions
- Says has negotiated a six week period to undertake due diligence
- Mhc proposal has considerable merit to continue to progress with the
proposal"
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Mkt cap ! $897.6M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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11 | 7389 | 3.950 |
7 | 3161 | 3.940 |
4 | 2007 | 3.930 |
2 | 8021 | 3.920 |
Price($) | Vol. | No. |
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3.970 | 894 | 4 |
3.980 | 25898 | 6 |
3.990 | 20781 | 3 |
4.000 | 13820 | 4 |
4.010 | 747 | 1 |
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