The browser you are currently using is not being supported by this website, please upgrade to a more recent browser for a better viewing experience.
Offeror(s): Austron Limited
Independent Adviser(s): KordaMentha (Rule 21)
Offer Date: 07/08/2012
Closing Date: 06/09/2012
Offer Type: Partial
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.
We have not received consent to publish other documents in relation to this transaction on our website. However, copies of these documents are available upon request to the Panel under the Official Information Act 1982. Please send your written Official Information requests to email@example.com