SIQ smartgroup corporation ltd
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News: SIQ Smartgroup Corp Says Received Proposal From Consortium To Acquire 100% Of Co's Shares

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    29/09/21
    08:50
    Post #: 56422727

    Sept 29 (Reuters) - Smartgroup Corporation Ltd (SIQ) :

    • HAS RECEIVED INDICATIVE, NON-BINDING, CONDITIONAL PROPOSAL FROM A CONSORTIUM COMPRISING TPG GLOBAL AND POTENTIA CAPITAL
    • PROPOSAL TO ACQUIRE 100% OF SHARES IN SMARTGROUP BY WAY OF A SCHEME OF ARRANGEMENT
    • BOARD INTENDS TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF PROPOSAL
    • UNDER PROPOSAL, CO'S SHAREHOLDERS WOULD GET TOTAL CASH CONSIDERATION OF A$10.35 PER SHARE
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