Brief: APM Human Services International Says Got A Revised Offer Of A$2.0 Cash Per Share From CVC

APM Human Services International

28/02/2024 01:28

Feb 28 (Reuters) - APM Human Services International Ltd
 APM.AX :
    * UPDATED NON-BINDING ACQUISITION PROPOSAL RECEIVED FROM CVC
    * GOT A REVISED CONDITIONAL, INDICATIVE, NON-BINDING OFFER
OF
A$2.00 CASH PER SHARE FROM CVC ASIA PACIFIC LIMITED
    * IBC AND FULL BOARD DETERMINED IT IS IN BEST INTERESTS OF
APM'S
SHAREHOLDERS TO RE-ENGAGE WITH CVC
    * UNDER REVISED PROPOSAL, EXPECTED NEW ENTITY WHOLLY-OWNED
BY CVC
FUNDS WILL HOLD 33% OF HOLDCO SHARES
    * IBC AND FULL BOARD DETERMINED IT IS IN BEST INTERESTS TO
GRANT
CVC A FOUR-WEEK PERIOD OF EXCLUSIVITY TO 27 MARCH
    * UNDER REVISED PROPOSAL, EXPECTED THAT NEW ENTITY
WHOLLY-OWNED BY
CVC FUNDS WILL HOLD ABOUT 33% OF HOLDCO SHARES

Source text for Eikon:  ID:nASX7NcRPL 
Further company coverage:  APM.AX 

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