Brief: Invocare Receives Revised Non-Binding Indicative Proposal From TPG

InvoCare

15/05/2023 24:50

May 15 (Reuters) - InvoCare Ltd  IVC.AX :
    * RECEIVES REVISED NBIO FROM TPG
    * INVOCARE RECEIVES REVISED NON-BINDING INDICATIVE PROPOSAL
FROM
TPG
    * REVISED CONDITIONAL, NON-BINDING PROPOSAL OF A$13.00/SHARE
INCLUSIVE OF FULLY FRANKED SPECIAL DIVIDEND OF UP TO ABOUT
A$0.60 PER SHARE
    * AGREED TO PROVIDE TPG OPPORTUNITY TO UNDERTAKE DUE
DILIGENCE ON
AN EXCLUSIVE BASIS TO DELIVER A BINDING PROPOSAL 
    * IF PROPOSAL BECOMES BINDING TRANSACTION, INVOCARE BOARD
UNANIMOUSLY INTENDS TO RECOMMEND IT 

Source text for Eikon:  ID:nASX8gR87L 
Further company coverage:  IVC.AX 

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