ACL 1.32% $2.25 australian clinical labs limited

News: ACL Australian Clinical Labs Says It Intends To Withdraw Takeover Offer For Healius

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    Dec 15 (Reuters) - Australian Clinical Labs Ltd (ACL) :

    • INTENTION TO WITHDRAW TAKEOVER OFFER FOR HEALIUS
    • NO LONGER BELIEVES OFFER CONSIDERATION OF 0.74 ACL SHARES FOR EACH HEALIUS SHARE FAIRLY REFLECTS RELATIVE CONTRIBUTION
    • ACL BOARD IS CONCERNED BASED ON 1H GUIDANCE THAT HEALIUS IS AT RISK OF A SIGNIFICANT STATUTORY NPAT LOSS IN 1H FY24
    • CONTINUES TO BELIEVE BENEFITS OF A MERGER BETWEEN ACL AND HEALIUS ARE COMPELLING
    • ALSO NOTES THAT ACCC TODAY ANNOUNCED THAT IT OPPOSES COMBINATION OF ACL AND HEALIUS
    • REMAINS OPEN TO A MERGER BETWEEN CO & HEALIUS
    • ACL BOARD INTENDS TO CLOSELY MONITOR PERFORMANCE OF HEALIUS IN COMING MONTHS & REMAINS OPEN TO MERGER BETWEEN 2 COMPANIES
    • CONCERNED BASED ON 1H GUIDANCE THAT HEALIUS IS AT RISK OF A SIGNIFICANT STATUTORY NPAT LOSS IN 1H FY24
    • DECISION BY ACCC GIVES CO ABILITY TO CHALLENGE ACCC'S POSITION DIRECTLY IN COURT IF IT MAKES A NEW OFFER IN NEAR FUTURE
 
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