Brief: Ikegps Group Says Got Unsolicited, Non-Binding Acquisition Approach But Discontinued Talks

Ikegps

07/02/2025 01:20

Feb 7 (Reuters) - Ikegps Group Ltd  IKE.NZ :
    * UNSOLICITED, NON-BINDING ACQUISITION APPROACH AND
DISCONTINUED
DISCUSSIONS
    * IN LATE 2024 RECEIVED AN UNSOLICITED, CONFIDENTIAL,
NON-BINDING
APPROACH FROM A PRIVATE EQUITY GROUP
    * CONSIDERS THAT FINAL OFFER OF APPROXIMATELY NZ$1.00 PER
IKE
SHARE HAS NO REALISTIC CHANCE TO SECURE SUFFICIENT SUPPORT
    * IKE HAS DISCONTINUED DISCUSSIONS WITH POTENTIAL ACQUIRER
    * OFFER FROM POTENTIAL ACQUIRER EQUATED TO ENTERPRISE VALUE
OF
ABOUT NZ$165-170 MILLION

Further company coverage:  IKE.NZ 

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