July 27 (Reuters) - Japara Healthcare Ltd (JHC) :
- RECOMMENDED ACQUISITION OF JAPARA BY CALVARY
- JAPARA SHAREHOLDERS WILL RECEIVE A$1.40 CASH PER SHARE UNDER SCHEME
- SCHEME CONSIDERATION IMPLIES AN EQUITY VALUE OF APPROXIMATELY A$380 MILLION
- ENTERED A SCHEME IMPLEMENTATION DEED WITH LITTLE COMPANY OF MARY HEALTH CARE FOR ACQUISITION OF ALL SHARES IN JAPARA
- SCHEME CONSIDERATION IMPLIES ENTERPRISE VALUE OF APPROXIMATELY A$588 MILLION
- EXPECTED THAT SCHEME WILL BE VOTED ON AT A MEETING EXPECTED TO BE HELD IN OCTOBER 2021
- BOARD UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME