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IOOF Holdings Limited (ASX:IFL) has made a takeover bid for Trust Company Limited (ASX:TRU), saying its offer is better for shareholders than an earlier bid by Perpetual Limited (ASX:PPT).
IOOF offers share consideration of 0.74 IOOF shares per Trust share or guaranteed minimum cash consideration, and a special dividend of 22 cents per Trust share, expected to be fully franked.
The special dividend and guaranteed minimum cash consideration will total $6.25 per Trust share.
The Trust Company has already signed a scheme implementation agreement with Perpetual.
IOOF generated a net profit of $80.4 million in fiscal 2013.
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Last
$4.50 |
Change
0.000(0.00%) |
Mkt cap ! $3.018B | |||
| Open | High | Low | Value | Volume |
| $4.51 | $4.51 | $4.50 | $7.436M | 1.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2390 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.51 | 234359 | 16 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| IFL (ASX) Chart |