So, take a look at Ellex Medical Lasers (ELX) as they are going through same process. Selling their core business for $100M to a larger competitor (10x EBITDA, but they are medical device company) and paying this out to shareholders.
After the sale, the listed entity will be renamed and retain a smaller growth company they purchased a few years ago and some blue-sky research kit.
So current shareholders get some cash paid out, plus retain their shares in the remaining, smaller entity.
- Forums
- ASX - By Stock
- SWK
- Ann: HY20 results conference call
Ann: HY20 results conference call, page-9
Featured News
Add SWK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online