Brief: COG Financial Services Makes Non-Binding Indicative Offer To Acquire Diverger

Diverger

30/10/2023 01:06

Oct 30 (Reuters) - COG Financial Services Ltd  COG.AX :
    * CONFIRMS THAT IT HAS MADE A NON-BINDING INDICATIVE OFFER
TO
ACQUIRE DIVERGER LIMITED
    * BELIEVES PROPOSED TRANSACTION IS IN BEST INTERESTS OF BOTH
SETS
OF SHAREHOLDERS
    * TO FUND A$10M OF CASH CONSIDERATION UNDER DEAL, WOULD
UNDERTAKE
CAPITAL RAISE, TO BE FULLY UNDERWRITTEN BY ORD MINNETT
    * OFFER FOR A$1.41 PER SHARE, MADE UP OF CASH OF A$0.68 PER
SHARE
AND A$0.73 OF COG SCRIP

Source text for Eikon:  ID:nASX36Lrbn 
Further company coverage:  COG.AX