Brief: Estia Health Says Revised Non-Binding Proposal From Bain Capital And Entry Into Process Deed

Estia Health

07/06/2023 24:51

June 7 (Reuters) - Estia Health Ltd  EHE.AX :
    * REVISED NON-BINDING PROPOSAL FROM BAIN CAPITAL AND ENTRY
INTO
PROCESS DEED
    * REVISED NON-BINDING PROPOSAL FROM BAIN CAPITAL AT A$3.20
CASH
PER SHARE, TO BE REDUCED BY CASH AMOUNT OF FUTURE DIVIDENDS
    * ESTIA HEALTH IS PERMITTED TO PAY ORDINARY DIVIDENDS OF UP
TO
A$0.12 CASH PER SHARE
    * BOARD DETERMINED IN INTERESTS OF SHAREHOLDERS TO PROGRESS
REVISED PROPOSAL AND ALLOW BAIN CAPITAL TO UNDERTAKE FURTHER DUE
DILIGENCE
    * INTENDS TO UNANIMOUSLY RECOMMEND ESTIA HEALTH SHAREHOLDERS
VOTE
IN FAVOUR OF POTENTIAL TRANSACTION IN ABSENCE OF SUPERIOR
PROPOSAL

Source text for Eikon:  ID:nASX49jCC4 
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