Brief: IDT Australia Says Confirms That It Is Continuing To Engage In Discussions With Myndbio

IDT Australia

11/06/2024 02:24

June 11 (Reuters) - IDT Australia  IDT.AX :
    * CONFIRMS THAT IT IS CONTINUING TO ENGAGE IN DISCUSSIONS
WITH 
MYNDBIO  IN CONNECTION WITH PROPOSAL
    * MYND HAS BEEN GRANTED ACCESS TO DUE DILIGENCE INFORMATION
ON A
NON-EXCLUSIVE BASIS TO PROGRESS DISCUSSIONS
    * MYNDBIO PROVIDED NON-BINDING INDICATIVE CASH OFFER PRICE
OF UP
TO A$0.15 PER IDT SHARE
    * AT THIS STAGE IT IS PROPOSED THAT PROPOSAL WOULD BE
IMPLEMENTED
BY WAY OF A SCHEME OF ARRANGEMENT

Further company coverage:  IDT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))