MAI 0.00% $2.80 mainstream group holdings limited

News: MAI Mainstream Group Says Apex Group Made An Offer To Acquire 100% Of Mainstream

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    June 28 (Reuters) - Mainstream Group Holdings Ltd (MAI) :

    • MAINSTREAM GROUP HOLDINGS LTD-APEX GROUP LIMITED MADE AN OFFER TO ACQUIRE 100% OF MAINSTREAM SHARES FOR $2.80 CASH PER SHARE
    • MAINSTREAM GROUP- NOW ENTERED SCHEME IMPLEMENTATION DEED WITH APEX AND APEX FUND HOLDINGS AUSTRALIA DATED 27 JUNE
    • MAINSTREAM GROUP - GIVEN NOTICE OF TERMINATION UNDER SS&C SID.
    • MAINSTREAM GROUP HOLDINGS LTD- SS&C DID NOT EXERCISE ITS MATCHING RIGHT IN RELATION TO APEX OFFER BY REQUIRED DEADLINE
    • MAINSTREAM GROUP HOLDINGS LTD- OFFER VALUES EQUITY OF MAINSTREAM AT APPROXIMATELY $400 MILLION
    • MAINSTREAM GROUP HOLDINGS LTD- DIRECTORS UNANIMOUSLY RECOMMEND THAT MAINSTREAM SHAREHOLDERS VOTE IN FAVOUR OF APEX SCHEME
 
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