Brief: Mayfield Childcare Receives Non-Binding Buyout Bid From Busy Bees Early Learning Australia Pty
12/12/2022 06:57
Dec 12 (Reuters) - Mayfield Childcare Ltd MFD.AX :
* RECEIVED AN UNSOLICITED, CONDITIONAL, NON- BINDING
INDICATIVE
PROPOSAL FROM BUSY BEES EARLY LEARNING AUSTRALIA PTY LTD
* PROPOSAL TO ACQUIRE 100% OF SHARES IN MAYFIELD BY WAY OF A
SCHEME OF ARRANGEMENT FOR A$1.35 CASH PER SHARE
* CONCLUDED BUSY BEES PROPOSAL IS IN BEST INTERESTS OF
COMPANY'S
SHAREHOLDERS
* TO ENGAGE FURTHER WITH BUSY BEES
* INTENDS TO GRANT BUSY BEES OPPORTUNITY TO CONDUCT DUE
DILIGENCE
SUBJECT TO APPROPRIATE CONFIDENTIALITY PROTECTIONS
Source text for Eikon: ID:nASX1R4ww8
Further company coverage: MFD.AX
((Reuters.Briefs@thomsonreuters.com;))
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