Nov 2 (Reuters) - Netwealth Group Ltd (NWL) :
- SUBMITTED NON-BINDING PROPOSAL TO MERGE WITH PRAEMIUM
- PROPOSED TRANSACTION EQUITY VALUE A$785 MILLION
- DEAL FOR CASH CONSIDERATION IN EXCESS OF AN ATTRIBUTED VALUATION OF A$50 MILLION LESS TAX AND TRANSACTION COSTS
- UNDER TERMS OF PROPOSED TRANSACTION, PRAEMIUM SHAREHOLDERS TO RECEIVE 1 NWL SHARE FOR EVERY 11.96 PRAEMIUM SHARES PLUS CASH
- BASED ON CO'S OCT 27 CLOSE, BASE CONSIDERATION IMPLIED A VALUE OF A$1.5PER SHARE OF PRAEMIUM
- PRAEMIUM SHAREHOLDERS TO RETAIN MEANINGFUL EQUITY POSITION IN COMBINED GROUP
News: PPS Netwealth Submits Non-Binding Proposal To Merge With Praemium
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Last
78.0¢ |
Change
-0.025(3.11%) |
Mkt cap ! $372.6M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1224 | 78.0¢ |
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|---|---|---|
| 78.5¢ | 9576 | 1 |
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