GTN Ltd. (AU:GTN) has released an update.
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Viburnum Holdings Pty Ltd has completed the distribution of its bidder’s statement to all shareholders and optionholders of GTN Limited, marking a significant step in its off-market takeover bid. The communication was sent electronically where possible, and by postal instructions to those without an electronic address, ensuring all involved parties have access to the takeover information. This move could potentially shake up the market as shareholders now consider the details of the offer.
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