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APM Shareholders Favor Scrip Consideration in Acquisition
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APM Shareholders Favor Scrip Consideration in Acquisition

APM Human Services International Limited (AU:APM) has released an update.

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APM Human Services International Limited announced the preliminary results of shareholder elections regarding the proposed acquisition by Ancora BidCo, with 242 shareholders opting for scrip consideration. This represents 59.5% of the company’s shares, below the maximum threshold, thus avoiding the scaleback mechanism. Final outcomes will be determined after the Scheme Record Date, with the independent board continuing to recommend voting in favor of the scheme.

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