Eumundi Group Takeover Bid by SEQ Hospitality

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

SEQ Hospitality Group Pty Ltd has made an off-market takeover bid for all ordinary shares of Eumundi Group Limited, with a conditional price increase to $1.62 per share if they secure a 65% interest by January 17, 2025. Currently, SEQ holds a 43.81% interest following acceptance from Eumundi directors, who unanimously recommend shareholders accept the offer, barring a superior proposal. This move signals a significant opportunity for investors eyeing lucrative returns in the hospitality sector.

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