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…
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