Healius said its board – led by Rob Hubbard – has started its assessment of the proposal and remains committed to acting in the best interests of all shareholders, however, it has not yet formed a view on whether the price offered would be recommend to shareholders.
It told investors to take no action in relation to the proposal, and that there is “no certainty” that it will result in a transaction.
Jangho’s proposal is subject to several conditions including completion of due diligence, receipt of final approval from Jangho’s board to submit a binding proposal; offer of debt finance on acceptable terms to Jangho; and receipt of necessary Australian regulatory approvals, including Foreign Investment Review Board.
It also would need the tick from any required Chinese regulatory authorities.
Healius has appointed UBS as financial adviser and King & Wood Mallesons as legal adviser.
More to come
from Viral up Blog http://bit.ly/2QnoHVu
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