Dec 16 (Reuters) - IGO Ltd (IGO) :
- IGO TO ACQUIRE WESTERN AREAS VIA BOARD RECOMMENDED SCHEME
- CONSIDERATION OF A$3.36 PER WSA SHARE, TO BE PAID 100% IN CASH
- TRANSACTION IMPLIES A VALUE OF A$1,096 MILLION FOR WSA ON A FULLY DILUTED BASIS
- WSA'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND THAT WSA SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- TRANSACTION WILL BE FUNDED FROM IGO'S EXISTING CASH RESERVES AND A NEW A$900 MILLION SENIOR-SECURED DEBT FACILITY
- TRANSACTION EXPECTED TO BE FREE CASH FLOW ACCRETIVE TO IGO BY FY24
- PERPETUAL CONFIRMS IT INTENDS TO VOTE FOR ALL OF SHARES IN WSA THAT IT HOLDS IN FAVOUR OF SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL
Dec 16 (Reuters) - IGO Ltd (IGO) : IGO TO ACQUIRE WESTERN AREAS...
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Last
$5.74 |
Change
0.050(0.88%) |
Mkt cap ! $4.346B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.74 | $5.61 | $19.87M | 3.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.74 | 41887 | 4 |
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