Brief: Symbio Holdings Ltd Says Binding Offer Received

Symbio Holdings

30/10/2023 01:09

Oct 30 (Reuters) - Symbio Holdings Ltd  SYM.AX :
    * AUSSIE BROADBAND PROPOSAL - BINDING OFFER RECEIVED
    * ADVISES IT GOT A BINDING OFFER FROM AUSSIE BROADBAND THAT
IS NO
LONGER CONDITIONAL ON DILIGENCE, NOT CONDITIONAL ON FINANCING
    * SHAREHOLDERS WOULD RECEIVE A REVISED CONSIDERATION OF
A$2.21-
2.26 IN CASH AND 0.192 ABB SHARES FOR EACH SYMBIO SHARE
    * BINDING OFFER CONTEMPLATES SYMBIO WOULD PERMITTED TO PAY
FULLY
FRANKED DIVIDEND PRIOR TO SCHEME IMPLEMENTATION OF A$0.35 PER
ORDINARY SHARE
    * REAFFIRMS FY24 GUIDANCE
    * CURRENTLY CONSIDERING BINDING OFFER AND DISCUSSIONS REMAIN
ONGOING

Source text for Eikon:  ID:nASX5mCyFS 
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