News: SYM Symbio Holdings Says Aussie Broadband Enters Scheme Implementation Agreement To Acquire...

Nov 1 (Reuters) - Symbio Holdings Ltd (SYM) :

• AUSSIE BROADBAND ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT TO ACQUIRE SYMBIO
• SYMBIO BOARD UNANIMOUSLY RECOMMENDS THAT SYMBIO SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• ACQUISITION EXPECTED TO BE EPS ACCRETIVE IN FIRST FULL FINANCIAL YEAR AFTER COMPLETION, BEFORE SYNERGIES
• SCHEME CONSIDERATION OF A$2.26 IN CASH AND 0.192 AUSSIE BROADBAND SHARES FOR EACH SYMBIO SHARE
• SCHEME CONSIDERATION FOR IMPLIED OFFER VALUE OF A$3.01 PER SYMBIO SHARE