Bell Financial Group Limited (AU:BFG) has released an update.
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Bell Financial Group has made a non-binding proposal to acquire SelfWealth Ltd for $0.22 per share, valuing the company at approximately $51 million. The proposal is seen as highly attractive by SelfWealth’s Board, offering an 83% premium on its last closing share price, and includes an option for shareholders to choose between cash or Bell shares. This move is expected to bring significant value to shareholders and enhance Bell’s portfolio by integrating SelfWealth’s extensive client base.
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