Brief: Azure Minerals Announces Binding Transaction Implementation Deed With SQM

Azure Minerals

26/10/2023 02:35

Oct 26 (Reuters) - Azure Minerals Ltd  AZS.AX :
    * BINDING TRANSACTION IMPLEMENTATION DEED WITH SQM
    * ENTERED INTO A BINDING TRANSACTION IMPLEMENTATION DEED
("TID")
WITH SQM AUSTRALIA PTY LTD
    * SCHEME CONSIDERATION OF A$3.52 PER AZURE SHARE
    * DEAL FOR A CASH AMOUNT OF A$3.50 PER AZURE SHARE
    * AZURE BOARD UNANIMOUSLY RECOMMENDS TRANSACTION IN ABSENCE
OF A
SUPERIOR PROPOSAL
    * AZURE'S MAJOR SHAREHOLDERS, DELPHI GROUP, INTENDS TO
SUPPORT
TRANSACTION, SUBJECT TO NO SUPERIOR PROPOSAL EMERGING.
    * AZURE BOARD UNANIMOUSLY RECOMMENDS TRANSACTION IN ABSENCE
OF A
SUPERIOR PROPOSAL
    * SCHEME CONSIDERATION IMPLIES A FULLY-DILUTED EQUITY VALUE
FOR
AZURE OF A$1.63 BILLION

Source text for Eikon:  ID:nASX90z6vw 
Further company coverage:  AZS.AX 

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