Dynamic Group Holdings Limited (AU:DDB) has released an update.
Australian Meat Industry Superannuation Pty Ltd, trading as Australian Food Super, has announced a takeover offer for all shares of Dynamic Group Holdings Limited (DDB) not already owned by them, at a 19.15% premium over the last closing price. The cash offer values DDB at approximately A$38.9 million, which AFS believes is attractive given current market uncertainties and a prior 14.59% decline in DDB’s share price over the past year. Shareholders are advised to review the offer carefully, as AFS cites business risks and labor market challenges impacting DDB’s valuation.
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