Nov 2 (Reuters) - Netwealth Group Ltd (NWL) :
- SUBMITTED NON-BINDING PROPOSAL TO MERGE WITH PRAEMIUM
- PROPOSED TRANSACTION EQUITY VALUE A$785 MILLION
- DEAL FOR CASH CONSIDERATION IN EXCESS OF AN ATTRIBUTED VALUATION OF A$50 MILLION LESS TAX AND TRANSACTION COSTS
- UNDER TERMS OF PROPOSED TRANSACTION, PRAEMIUM SHAREHOLDERS TO RECEIVE 1 NWL SHARE FOR EVERY 11.96 PRAEMIUM SHARES PLUS CASH
- BASED ON CO'S OCT 27 CLOSE, BASE CONSIDERATION IMPLIED A VALUE OF A$1.5PER SHARE OF PRAEMIUM
- PRAEMIUM SHAREHOLDERS TO RETAIN MEANINGFUL EQUITY POSITION IN COMBINED GROUP
Nov 2 (Reuters) - Netwealth Group Ltd (NWL) : SUBMITTED...
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