Brief: Superloop Confirms That It Has Completed Its Due Diligence Assessment Of Symbio

Symbio Holdings

22/09/2023 02:42

Sept 22 (Reuters) - Superloop Ltd  SLC.AX :
    * CONFIRMS THAT IT HAS COMPLETED ITS DUE DILIGENCE
ASSESSMENT OF
SYMBIO
    * ADVISED BOARD OF SYMBIO THAT FINANCIAL TERMS OF ITS
PROPOSAL ARE
BEST AND FINAL OFFER
    * WILL NOT IMPROVE OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
    * BEST AND FINAL OFFER PROPOSES CASH CONSIDERATION OF
A$1.425,
PLUS 2.14 SUPERLOOP SHARES PER SYMBIO SHARE
    * CONFIRMS PROPOSAL IS SUBJECT TO PARTIES ENTERING INTO
SCHEME
IMPLEMENTATION AGREEMENT ON OR BEFORE 29 SEPT
    * CONFIRMS ITS PROPOSAL IS NO LONGER SUBJECT TO DUE
DILIGENCE

Source text for Eikon:  ID:nASXvbdk8 
Further company coverage:  SLC.AX 

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