ABB aussie broadband limited

News: ABB Aussie Broadband Announces Non-Binding Indicative Proposal To Merge With Superloop

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    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
 
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Last
$5.17
Change
-0.010(0.19%)
Mkt cap ! $1.512B
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Buyers (Bids)

No. Vol. Price($)
1 2393 $5.17
 

Sellers (Offers)

Price($) Vol. No.
$5.18 17 1
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