News: SYM Symbio Holdings Ltd Says Binding Offer Received

Oct 30 (Reuters) - Symbio Holdings Ltd (SYM) :

• AUSSIE BROADBAND PROPOSAL - BINDING OFFER RECEIVED
• ADVISES IT GOT A BINDING OFFER FROM AUSSIE BROADBAND THAT IS NO LONGER CONDITIONAL ON DILIGENCE, NOT CONDITIONAL ON FINANCING
• SHAREHOLDERS WOULD RECEIVE A REVISED CONSIDERATION OF A$2.21- 2.26 IN CASH AND 0.192 ABB SHARES FOR EACH SYMBIO SHARE
• BINDING OFFER CONTEMPLATES SYMBIO WOULD PERMITTED TO PAY FULLY FRANKED DIVIDEND PRIOR TO SCHEME IMPLEMENTATION OF A$0.35 PER ORDINARY SHARE
• REAFFIRMS FY24 GUIDANCE
• CURRENTLY CONSIDERING BINDING OFFER AND DISCUSSIONS REMAIN ONGOING