Brief: Symbio Says Acquisition To Be EPS Accretive To Aussie Broadband In First Full FY After Completion, Before Synergies

Symbio Holdings

31/10/2023 22:53

Nov 1 (Reuters) - Symbio Holdings Ltd  SYM.AX :
    * ACQUISITION EXPECTED TO BE EPS ACCRETIVE TO AUSSIE
BROADBAND IN
FIRST FULL FINANCIAL YEAR AFTER COMPLETION, BEFORE SYNERGIES
    * AUSSIE BROADBAND ENTERS INTO SCHEME IMPLEMENTATION
AGREEMENT TO
ACQUIRE SYMBIO
    * SYMBIO BOARD UNANIMOUSLY RECOMMENDS THAT SYMBIO
SHAREHOLDERS
VOTE IN FAVOUR OF SCHEME
    * SCHEME CONSIDERATION OF A$2.26 IN CASH AND 0.192 AUSSIE
BROADBAND SHARES FOR EACH SYMBIO SHARE
    * SCHEME CONSIDERATION FOR IMPLIED OFFER VALUE OF A$3.01 PER
SYMBIO SHARE

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