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Keybridge Challenges Yowie’s Takeover Bid Amidst Control Concerns

Story Highlights
  • Keybridge Capital Limited has submitted applications to the Takeovers Panel regarding Yowie’s takeover bid.
  • Keybridge seeks to restrain Yowie’s share acquisition and requests bid withdrawal due to control concerns.
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Keybridge Challenges Yowie’s Takeover Bid Amidst Control Concerns

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Keybridge Capital Limited ( (AU:KBC) ) has provided an announcement.

Keybridge Capital Limited (ASX: KBC) has submitted two applications to the Takeovers Panel, one concerning its own affairs and another related to Yowie Group Ltd (ASX: YOW). This follows Yowie’s announcement of an off-market takeover bid for all Keybridge shares, offering one Yowie share per Keybridge share. Keybridge challenges the bid, citing concerns over control conditions, market efficiency, and disclosure deficiencies. The company seeks to restrain Yowie from acquiring shares and requests the withdrawal of the takeover bid, alongside compensation for associated costs.

More about Keybridge Capital Limited

Technical Sentiment Signal: Sell

Current Market Cap: A$9.72M

For detailed information about KBC stock, go to TipRanks’ Stock Analysis page.

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