Sept 27 (Reuters) - Australian Pharmaceutical Industries Ltd (API) :
- GOT AN UNSOLICITED, INDICATIVE, NON-BINDING AND CONDITIONAL PROPOSAL FROM SIGMA HEALTHCARE LIMITED
- PROPOSAL TO ACQUIRE 100% OF SHARES IN API FOR A COMBINATION OF CASH AND SCRIP
- API SHAREHOLDERS WOULD RECEIVE A$0.35 IN CASH AND 2.05 SIGMA SHARES FOR EACH API SHARE
- DEAL IMPLIES A VALUE OF A$1.57 PER API SHARE BASED ON SIGMA'S CLOSING PRICE OF A$0.595 PER SHARE ON 24 SEPT
- API SHAREHOLDERS WILL OWN ABOUT 48.8% OF SHARES IN COMBINED COMPANY
News: SIG Australian Pharmaceutical Industries Got Proposal From Sigma Healthcare To Acquire API
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$2.99 |
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Mkt cap ! $34.34B | |||
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