Eumundi Group Accepts SEQ Hospitality Acquisition Proposal

Eumundi Group Limited (AU:EBG) has released an update.

Eumundi Group Limited has announced that the Australian Securities and Investments Commission has registered the Scheme Booklet for a proposed acquisition by SEQ Hospitality Group. Under the scheme, SEQ aims to acquire all Eumundi shares at a cash consideration of $1.62 per share, which has been deemed fair and reasonable by an independent expert. Eumundi’s directors recommend shareholders vote in favor of the scheme, pending no superior proposals.

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