News: IPH IPH Ltd Says Xenith IP Group & Co Enter Into Scheme Implementation Deed

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    April 12 (Reuters) - Iph Ltd (IPH) :

    • XENITH IP GROUP AND IPH LIMITED ENTER INTO SCHEME IMPLEMENTATION DEED
    • SAYS XENITH BOARD UNANIMOUSLY RECOMMENDS UPDATED IPH PROPOSAL
    • XENITH SHAREHOLDERS WILL RECEIVE 'STANDARD CONSIDERATION' OF $1.28 CASH AND 0.1261 IPH SHARES FOR EVERY 1 XENITH SHARE
    • SAYS XENITH SHAREHOLDERS WILL RECEIVE 'STANDARD CONSIDERATION' OF $1.28 CASH AND 0.1261 IPH SHARES FOR EVERY 1 XENITH SHARE
    • SAYS IPH TO BUY SHARES IN XENITH THAT IT DOESN'T ALREADY OWN FOR A COMBINATION OF CASH AND SHARES VALUED AT $2.15/XENITH SHARE
    • UPDATED IPH PROPOSAL VALUES EQUITY OF XENITH AT ABOUT $191 MILLION, WITH AN IMPLIED ENTERPRISE VALUE OF APPROXIMATELY $207 MILLION
    • DEAL IMMEDIATELY EPS ACCRETIVE TO CO EARNINGS
 
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Last
$5.22
Change
-0.020(0.38%)
Mkt cap ! $1.357B
Open High Low Value Volume
$5.20 $5.23 $5.17 $929.3K 178.4K

Buyers (Bids)

No. Vol. Price($)
30 14291 $5.21
 

Sellers (Offers)

Price($) Vol. No.
$5.22 15980 53
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