Brief: Qantm Intellectual Property Says Receives Further Indicative Proposal

Qantm Intellectual Property

11/03/2024 22:10

March 12 (Reuters) - QANTM Intellectual Property
 QIP.AX :
    * RECEIVES FURTHER INDICATIVE PROPOSAL
    * QANTM RECEIVES FURTHER INDICATIVE PROPOSAL-QIP.AX
    * ADAMANTEM INDICATIVE PROPOSAL IS ALL CASH WITH A SCRIP
ELECTION
OF UP TO 50%
    * RECEIVED NON-BINDING INDICATIVE OFFER FROM ADAMANTEM
CAPITAL
    * ADAMANTEM INDICATIVE PROPOSAL REPRESENTS A HIGHER PRICE
THAN
ROUSE INDICATIVE PROPOSAL
    * POTENTIAL ACQUISITION OF ALL SHARES IN QANTM FOR A$1.817
PER
SHARE
    * NON-BINDING INDICATIVE OFFER FOR A$1.817 PER SHARE BY WAY
OF
SCHEME OF ARRANGEMENT

Further company coverage:  QIP.AX 

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