Brief: Boart Longyear Enters Into Arrangement Deal With American Industrial Partners Capital Fund

Boart Longyear

27/12/2023 01:10

Dec 27 (Reuters) - Boart Longyear Group Ltd  BLY.AX :
    * BOART LONGYEAR ENTERS INTO ARRANGEMENT AGREEMENT WITH
AMERICAN
INDUSTRIAL PARTNERS CAPITAL FUND VIII
    * CONSIDERATION PAYABLE UNDER TRANSACTION IMPLIES AN EQUITY
VALUE
FOR COMPANY OF  US$371 MILLION
    * DEAL FOR CONSIDERATION OF US$1.9554 IN  CASH PER COMPANY
COMMON
SHARE
    * BOART LONGYEAR'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS
THAT
CO'S SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION

Source text for Eikon:  ID:nASX16Mtgq 
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 ((Reuters.Briefs@thomsonreuters.com;))