Brief: Invocare Says Received Unsolicited, Non-Binding Indicative Offer From TPG Global LLC

InvoCare

06/03/2023 23:17

March 7 (Reuters) - InvoCare Ltd  IVC.AX :
    * INVOCARE RECEIVES UNSOLICITED, NON-BINDING INDICATIVE
OFFER FROM
TPG
    * RECEIVED UNSOLICITED, PRELIMINARY, NON- BINDING INDICATIVE
OFFER
FROM TPG GLOBAL, LLC
    * TPG ALSO ADVISED INVOCARE THAT IT HAS ACQUIRED A 17.8%
INTEREST
IN INVOCARE VIA A COMBINATION OF PHYSICAL OWNERSHIP AND
DERIVATIVES
    * UNDER PROPOSAL, INVOCARE SHAREHOLDERS WOULD RECEIVE
A$12.65 CASH
PER INVOCARE SHARE
    * COMMENCED AN ASSESSMENT OF INDICATIVE PROPOSAL
    * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO
TPG'S
INDICATIVE PROPOSAL AT THIS STAGE

Source text for Eikon:  ID:nASX2rB6qM 
Further company coverage:  IVC.AX 

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