East 33 Limited (AU:E33) has released an update.
Yumbah Aquaculture Limited has proposed an all-cash takeover offer for East 33 Limited, with an offer price of $0.022 per share, which is recommended by East 33’s independent board committee unless a superior proposal emerges. The takeover bid aims to delist East 33 and includes specific conditions such as a 90% minimum acceptance rate among others. Shareholders are advised to await further details in the forthcoming Bidder’s and Target’s Statements, including an independent expert’s report, before taking action.
For further insights into AU:E33 stock, check out TipRanks’ Stock Analysis page.
