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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 £34.3m
Position in Universe th / 1893

BUZZ-Australia's Qube Holdings rises on Chalmers takeover plan

Fri 28th June, 2019 2:15am
** Shares of logistics solutions provider Qube Holdings Ltd
 QUB.AX  rise as much as 1% to A$3.060, in their biggest
intraday pct gain since June 18
    ** Co intends to make a takeover bid for smaller rival
Chalmers Ltd  CHR.AX  in a deal that values CHR at about A$60
mln ($42.01 mln) urn:newsml:reuters.com:*:nFWN23Y16Q
    ** Qube offers an option to elect to receive either 2.31
Qube shares or A$6.50 per share in cash as consideration
    ** Co says implied value of scrip option as at June 27 is
A$7.00, which represents a premium of 48.9% to Chalmers' last
close
    ** Chalmers says its directors intend to elect to receive
the scrip option and recommend shareholders to accept the offer
 urn:newsml:reuters.com:*:nFWN23Y16R  
    ** QUB shares up almost 20% this year, as of last close
($1 = 1.4282 Australian dollars)

 ((Anushka.Trivedi@thomsonreuters.com ; +918067491413; Reuters
Messaging: anushka.trivedi.thomsonreuters.com@reuters.net))
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