Brief: Mayfield Childcare Announces Withdrawal Of Non-Binding Indicative Proposal From Genius
20/01/2023 01:06
Jan 20 (Reuters) - Mayfield Childcare Ltd MFD.AX :
* WITHDRAWAL OF NON-BINDING INDICATIVE PROPOSAL FROM GENIUS
* BOARD DETERMINED THAT IT WAS NOT APPROPRIATE FOR MAYFIELD
TO
GRANT ADDITIONAL EXCLUSIVITY ARRANGEMENTS AS PROPOSED BY GENIUS
* CONTINUES TO WORK WITH INTERESTED PARTIES ON A POTENTIAL
TRANSACTION
* GENIUS WILL VOTE ALL OF ITS SHARES IN MAYFIELD AGAINST ANY
COMPETING PROPOSAL
* "DISAPPOINTED" WITH GENIUS' CURRENT POSITION TO COMPETING
PROPOSALS GIVEN EARLY NON- BINDING INDICATIVE STAGE OF PROCESS
Source text for Eikon: ID:nASXPTtY
Further company coverage: MFD.AX
((Reuters.Briefs@thomsonreuters.com;))
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