Chalmers logo

CHR - Chalmers News Story

A$7.1 0.0  0.0%

Last Trade - 05/08/19

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £34.2m
Position in Universe th / 1896

BRIEF-Qube Holdings Intends To Make Takeover Bid For Chalmers

Fri 28th June, 2019 12:33am
June 28 (Reuters) - Qube Holdings Ltd  QUB.AX :
    * INTENDS TO MAKE TAKEOVER BID FOR CHALMERS LIMITED
    * VALUES CHALMERS AT ABOUT $60 MILLION WITH ANY CASH
COMPONENT TO
BE FUNDED FROM EXISTING QUBE DEBT FACILITIES
    * INTENDS TO OFFER HOLDERS OF CHALMERS SHARES OPTION TO
ELECT TO
RECEIVE EITHER FOR EACH CHALMERS SHARE 2.31 QUBE SHARES OR $6.50
CASH
    * CHALMERS BOARD INTENDS TO UNANIMOUSLY RECOMMEND THAT
CHALMERS
SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL

Source text: (http://tinyurl.com/yxjd23h3)
Further company coverage:  QUB.AX 

 (Reuters.Briefs@thomsonreuters.com)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.