News: APZ Eureka Group Considers Current Offer From Aspen Inadequate And That It Undervalues Eureka

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    Feb 9 (Reuters) - Eureka Group Ltd (APZ) :

    • UPDATE ON PROPOSED TAKEOVER OFFER,APZ
    • HAS NOT RECEIVED A FORMAL OFFER OR A BIDDER'S STATEMENT FROM ASPEN
    • ALL-SCRIP PROPOSED BID PROPOSES A MERGER RATIO OF 0.26 ASPEN SECURITIES PER EUREKA SHARE
    • EUREKA BOARD CONSIDERS CURRENT OFFER INADEQUATE AND THAT IT UNDERVALUES EUREKA
    • BOARD NOTES THAT NO CONTACT WAS MADE BY ASPEN TO EUREKA PRIOR TO OR SINCE IT ANNOUNCED TO ASX ITS INTENDED TAKEOVER BID
    • ADVISES SHAREHOLDERS TO TAKE NO ACTION
    • CONSIDERS IMPLIED BID PRICE OF 43.6 AU CENTS PER EUREKA SHARE REPRESENTS EITHER DISCOUNT OR NO MEANINGFUL PREMIUM OVER CO'S SHARE PRICE
 
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Last
$3.83
Change
-0.070(1.79%)
Mkt cap ! $869.3M
Open High Low Value Volume
$3.85 $3.92 $3.82 $492.6K 127.2K

Buyers (Bids)

No. Vol. Price($)
21 8458 $3.83
 

Sellers (Offers)

Price($) Vol. No.
$3.84 8069 19
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