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Keybridge Capital Limited ( (AU:KBC) ) has provided an announcement.
Keybridge Capital Limited, a company listed on the ASX, is currently involved in a corporate takeover situation with Yowie Group Ltd. Yowie has announced an intention to make an off-market takeover bid for all ordinary shares in Keybridge, offering one Yowie share for each Keybridge share. The offer is subject to certain conditions, including restrictions on changes to Yowie’s board composition. Keybridge has advised its shareholders to take no action regarding the offer and intends to call a meeting to replace Yowie’s board, which Yowie argues could frustrate the offer and prejudice Keybridge shareholders. Yowie is seeking orders to prevent Keybridge from taking actions that could influence the control or composition of Yowie’s board until certain conditions are met.
More about Keybridge Capital Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$9.72M
For an in-depth examination of KBC stock, go to TipRanks’ Stock Analysis page.