APM Human Services International Limited (AU:APM) has released an update.
APM Human Services International Limited is set to be acquired by Ancora BidCo Pty Ltd, backed by Madison Dearborn Partners, with a cash offer valuing APM at approximately $1.3 billion, representing a 74.7% premium over its undisturbed share price. APM’s Independent Board Committee unanimously recommends shareholders to vote in favor of the acquisition, which also allows them the choice to receive a portion of the consideration in unlisted shares. The expected completion of the scheme is before the end of 2024, and APM shareholders currently need not take any action.
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