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SIQ - Smartgroup News Story

A$7.22 0.0  0.6%

Last Trade - 5:10am

Sector
Industrials
Size
Mid Cap
Market Cap £492.1m
Enterprise Value £500.1m
Revenue £113.4m
Position in Universe 317th / 1950

BRIEF-Smartgroup Corp Says Received Proposal From Consortium To Acquire 100% Of Co's Shares

Tue 28th September, 2021 11:47pm
Sept 29 (Reuters) - Smartgroup Corporation Ltd  SIQ.AX :
    * HAS RECEIVED INDICATIVE, NON-BINDING, CONDITIONAL PROPOSAL
FROM
A CONSORTIUM COMPRISING TPG GLOBAL  AND POTENTIA CAPITAL
    * PROPOSAL TO ACQUIRE 100% OF SHARES IN SMARTGROUP BY WAY OF
A
SCHEME OF ARRANGEMENT
    * BOARD INTENDS TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS
VOTE IN
FAVOUR OF PROPOSAL
    * UNDER PROPOSAL, CO'S SHAREHOLDERS WOULD GET TOTAL CASH
CONSIDERATION OF A$10.35 PER SHARE

Source text for Eikon:  ID:nASXldGyV 
Further company coverage:  SIQ.AX 

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