Feb 26 (Reuters) - Aussie Broadband Ltd (ABB) :
- NON-BINDING INDICATIVE PROPOSAL TO MERGE WITH SUPERLOOP
- SUBMITTED A NON-BINDING INDICATIVE PROPOSAL WHICH WOULD RESULT IN ABB OWNING 100% OF ISSUED SHARE CAPITAL IN SUPERLOOP
- UNDER THE INDICATIVE PROPOSAL, SUPERLOOP SHAREHOLDERS WOULD RECEIVE 0.21 ABB SHARES FOR EACH SUPERLOOP SHARE HELD
- DEAL IMPLIES A TOTAL VALUE TO SUPERLOOP SHAREHOLDERS OF A$0.95 PER SHARE
- NOTES THERE IS NO CERTAINTY THE INDICATIVE PROPOSAL WILL RESULT IN ANY TRANSACTION
- HAS ALSO ACQUIRED A 19.9% RELEVANT INTEREST IN SUPERLOOP AT A$0.95 IN CASH PER SHARE
- AT THIS TIME, AUSSIE BROADBAND SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO THE INDICATIVE PROPOSAL
News: ABB Aussie Broadband Announces Non-Binding Indicative Proposal To Merge With Superloop
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Mkt cap ! $1.301B | |||
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