Business
Think Childcare (ASX:TNK) share price lifts 4% on buyout offer // Motley Fool Australia
Think Childcare Ltd (ASX: TNK) advised the ASX today that it has received a non-binding and indicative buyout proposal from private equity group, Alceon Group Pty Ltd. The offer is for 100% of Think Childcare’s shares, and the indicative offer price currently stands at $1.351 – a premium on the current share price of $1.31.
The Think Childcare share price opened today at $1.31, up by 4.8%, after the announcement.
More details about the offer
Alceon Private Equity has indicated it is willing to offer all cash, or a combination of cash and unlisted shares in a newly incorporated holding company.
Think Childcare has granted Alceon a period of exclusivity until 18 December 2020 to complete its due diligence process. The…
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