Offeror(s): Austron Limited

Independent Adviser(s): KordaMentha (Rule 21)

Offer Date: 07/08/2012

Closing Date: 06/09/2012

Offer Type: Partial

Transaction summary:

Austron Limited (“Austron”) made a partial takeover offer, dated 7 August 2012, for 50.01% of the fully paid ordinary shares in Acurity Health Group Limited (“Acurity”). 

The offer price was $6.00 per Acurity share. The committee of independent directors unanimously recommended that shareholders should not accept the offer, noting that the offer price was materially below the independent adviser’s valuation range of $6.92 to $7.88 per Acurity Share.

The offer closed on 6 September and on 12 September, Austron gave notice that its offer had become unconditional and the partial takeover offer had succeeded.

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