(Writes through with further details from paragraph 2)
June 3 (Reuters) - Australia's APM Human Services International Ltd (APM) said on Monday it will be acquired by U.S.-based private equity firm Madison Dearborn Partners (MDP) in a deal valuing the company's equity at A$1.3 billion ($865.2 million).
Under the scheme, shareholders will receive A$1.45 cash per APM share, representing a premium of about 16% to APM's last close of A$1.25 on May 30.
MDP, also the company's top shareholder, had earlier in April offered to buy the 71% of the Australian employment services firm it does not own for A$1.40 apiece, slightly below the agreed offer price.
The company had halted trading in shares on May 30 pending an announcement on the acquisition proposal from MDP. ($1 = 1.5026 Australian dollars)
News: APM UPDATE 1-US firm Madison Dearborn Partners to buy Australia's APM in $865 mln deal
Add APM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.39 |
Change
-0.005(0.36%) |
Mkt cap ! $1.277B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.39 | $1.141M | 821.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 498467 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 230572 | 72 |
View Market Depth
| Last trade - 13.36pm 03/07/2024 (20 minute delay) ? |
| APM (ASX) Chart |