Brief: Arvida Group Says Board Unanimously Recommends Stonepeak Acquisition

Arvida

22/07/2024 02:27

July 22 (Reuters) - Arvida Group Ltd  ARV.NZ :
    * ARVIDA BOARD UNANIMOUSLY RECOMMENDS STONEPEAK ACQUISITION
    * ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH
STONEPEAK
ALPS BIDCO
    * UNDER SCHEME STONEPEAK BIDCO WOULD ACQUIRE ALL OF SHARES
IN
ARVIDA AT NZ$1.70 PER SHARE
    * IMPLIED EQUITY VALUE OF NZ$1.2 BILLION FOR THE SCHEME

Further company coverage:  ARV.NZ 

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