Business
Evans Dixon shares jump on ‘unsolicited’ 360 takeover offer – The Australian Financial Review
Evans Dixon has appointed advisers as it considers a takeover offer from 360 Capital.
The offer price, the 360 Capital statement said, represented a 142 per cent premium to the companys net tangible asset value, and a 35 per cent premium to the average share price since it purchased the last parcel of shares to take its stake up to 19.55 per cent.
The bid also represented a 54 per cent premium to the share price shortly after the corporate regulator disclosed it was taking corporate action against Evans Dixons Dixon Advisory unit, the 360 Capital statement said.
On Tuesday Evans…
-
General24 hours agoNT government expands role of G4S private security guards to support overcrowded watch houses
-
Noosa News14 hours agoNeed for Feed Australia truck convoy hits Nullarbor for South Australia drought relief
-
Noosa News23 hours agoDoes Brisbane need more street stalls and markets? This researcher thinks so
-
General21 hours agoGeraldine Doogue takes on the future of journalism in 2025 Andrew Olle lecture