BLY boart longyear group ltd
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News: BLY Boart Longyear Enters Into Arrangement Deal With American Industrial Partners Capital Fund

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    27/12/23
    12:15
    Post #: 71626474

    Dec 27 (Reuters) - Boart Longyear Group Ltd (BLY) :

    • BOART LONGYEAR ENTERS INTO ARRANGEMENT AGREEMENT WITH AMERICAN INDUSTRIAL PARTNERS CAPITAL FUND VIII
    • CONSIDERATION PAYABLE UNDER TRANSACTION IMPLIES AN EQUITY VALUE FOR COMPANY OF US$371 MILLION
    • DEAL FOR CONSIDERATION OF US$1.9554 IN CASH PER COMPANY COMMON SHARE
    • BOART LONGYEAR'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT CO'S SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
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