Brief: Invocare Says Board Proposal From TPG Global Does Not Provide Compelling Value For Shareholders

InvoCare

27/03/2023 02:23

March 27 (Reuters) - InvoCare Ltd  IVC.AX :
    * BOARD HAS UNANIMOUSLY CONCLUDED THAT INDICATIVE PROPOSAL
FROM
TPG GLOBAL DOES NOT PROVIDE COMPELLING VALUE FOR INVOCARE
SHAREHOLDERS
    * BOARD OF INVOCARE HAS INFORMED TPG THAT IT IS NOT PREPARED
TO
GRANT FULL DUE DILIGENCE ACCESS
    * NO CERTAINTY INDICATIVE PROPOSAL WILL RESULT IN REVISED
PROPOSAL
OR TRANSACTION BEING PUT FORWARD TO SHAREHOLDERS FOR
CONSIDERATION

Source text for Eikon:  ID:nASX8Qx5gr 
Further company coverage:  IVC.AX 

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