News: APZ Eureka Group Considers Current Offer From Aspen Inadequate And That It Undervalues Eureka

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    Feb 9 (Reuters) - Eureka Group Ltd (APZ) :

    • UPDATE ON PROPOSED TAKEOVER OFFER,APZ
    • HAS NOT RECEIVED A FORMAL OFFER OR A BIDDER'S STATEMENT FROM ASPEN
    • ALL-SCRIP PROPOSED BID PROPOSES A MERGER RATIO OF 0.26 ASPEN SECURITIES PER EUREKA SHARE
    • EUREKA BOARD CONSIDERS CURRENT OFFER INADEQUATE AND THAT IT UNDERVALUES EUREKA
    • BOARD NOTES THAT NO CONTACT WAS MADE BY ASPEN TO EUREKA PRIOR TO OR SINCE IT ANNOUNCED TO ASX ITS INTENDED TAKEOVER BID
    • ADVISES SHAREHOLDERS TO TAKE NO ACTION
    • CONSIDERS IMPLIED BID PRICE OF 43.6 AU CENTS PER EUREKA SHARE REPRESENTS EITHER DISCOUNT OR NO MEANINGFUL PREMIUM OVER CO'S SHARE PRICE
 
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Last
$4.28
Change
-0.020(0.47%)
Mkt cap ! $974.4M
Open High Low Value Volume
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Buyers (Bids)

No. Vol. Price($)
3 1160 $4.20
 

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Price($) Vol. No.
$4.35 5000 1
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