SelfWealth Ltd. ( (AU:SWF) ) has shared an announcement.
SelfWealth Ltd. has provided an update regarding two competing proposals for its acquisition. The first is from Bell Financial Group, offering $0.25 cash per share with an alternative option for Bell shares, while the second is a non-binding indicative proposal from Svava Pte Ltd, offering $0.28 cash per share. The Svava proposal remains non-binding, and SelfWealth must follow a matching rights process outlined in its agreement with Bell before accepting any alternative offers. Meanwhile, SelfWealth is progressing with the statutory process for the proposed scheme with Bell, including a shareholder meeting scheduled for March 2025 to consider the proposal. Shareholders will receive detailed information in a Scheme Booklet, and SelfWealth will provide further updates as necessary.
More about SelfWealth Ltd.
YTD Price Performance: 16.67%
Average Trading Volume: 2,174,835
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$64.6M
For detailed information about SWF stock, go to TipRanks’ Stock Analysis page.