Brief: QV Equities Announces Off-Market Takeover Bid & Non-Binding Proposal From WAM Leaders

Wam Leaders

31/01/2024 04:31

Jan 31 (Reuters) - QV Equities Ltd  QVE.AX :
    * PROPOSED OFF-MARKET TAKEOVER BID AND NON-BINDING PROPOSAL
FROM
WAM LEADERS LTD
    * WILL CONSIDER AND EVALUATE PROPOSED OFF MARKET TAKEOVER
    * NOTES MARKET RELEASE FROM WAM LEADERS
    * RECEIVED A CONFIDENTIAL, INCOMPLETE, CONDITIONAL
NON-BINDING
MERGER  PROPOSAL FROM WAM LEADERS
    * COMMENCED A FORMAL  EVALUATION OF STRATEGIC OPTIONS FOR
QVE
    * DEAL TO MERGE CO & WAM LEADERS BY WAY OF ALL-SCRIP
TRANSACTION
    * QVE, WITH ITS ADVISERS, DETERMINED PROPOSAL NOT IN BEST
INTERESTS OF SHAREHOLDERS

Source text for Eikon:  ID:nASX2bZqYN 
Further company coverage:  QVE.AX 

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