Brief: Adore Beauty Group Confirms It Received A Non Binding, Conditional & Indicative Proposal

Adore Beauty

27/11/2023 01:31

Nov 27 (Reuters) - Adore Beauty Group Ltd  ABY.AX :
    * ADORE BEAUTY RESPONSE TO MEDIA ARTICLE
    * CONFIRMS THAT IT RECEIVED A NON BINDING, CONDITIONAL AND
INDICATIVE PROPOSAL FROM THG PLC
    * OFFER FOR ARRANGEMENT FOR A$1.25-1.30 CASH PER SHARE
    * CONCLUDED PROPOSAL UNDERVALUED CO, WAS UNABLE TO BE
IMPLEMENTED,
AND WAS NOT IN BEST INTERESTS OF SHAREHOLDERS
    * BOARD REJECTED PROPOSAL.

Source text for Eikon:  ID:nASX4kpgGt 
Further company coverage:  ABY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))