Australia's largest stock trading and investment forum Australia's #1 stock forum

ZNT

Click for more information

0.00%

$1.44 zenitas healthcare limited

Ann: Zenitas enters into Scheme Implementation Deed, page-60

First 60 Last

Share
Profile

Follow
alannnnnnn

2,606 Posts.

155

12/09/18

12:13

Post #: 35545853
Share

Originally posted by Papito ↑

I would only be guessing if I was to think who would stump up more but ‘retail health’ is very attractive to private equity at the moment. If you google ‘health’ and ‘private equity’, a list of potential acquirers comes up.

Regarding the Scheme, the following is required for the Scheme to be approved:

- the scheme must be approved by a majority in number of the target shareholders in the relevant class who have cast votes on the resolution (but note that the court has the power to waive this requirement); and
- the scheme must also be approved by 75% or more of the votes cast on the resolution by target shareholders in the relevant class.
If the bidder or its associates hold any target shares, they must usually either refrain from voting or vote in a separate class. The practice is for the bidder and its associates to refrain from voting.

Whilst I will be waiting for the Independent Experts Report to make a final decision, at this stage I intend to vote against this Scheme as I think there is still plenty of upside from continuing their current strategy.

Expand

Anyone know what is the independent report about? For valuation of the company?

ZNT Price at posting: $1.39 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

IMU

Imugene kicks off Australian trial for blood cancer treatment

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 4 more messages in this thread...

First 60 Last

Add ZNT (ASX) to my watchlist