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0.00% $3.68 automotive holdings group limited.

News: AHG Automotive Holdings backs AP Eagers' sweetened $586 mln offer

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    08/05/19
    08:45
    Post #: 38459092

    May 8 (Reuters) - Australia's auto retailer Automotive Holdings Ltd (AHG) recommended AP Eagers' (APE) revised takeover offer, which values the company at A$836 million ($586.20 million), to its shareholders on Wednesday.

    AP Eagers has offered one share for every 3.6 Automotive shares, compared to one AP share per 3.8 Automotive shares it had offered earlier.

    ($1 = 1.4261 Australian dollars)

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