GTN Ltd. (AU:GTN) has released an update.
GTN Limited has issued a target statement advising shareholders to reject an off-market takeover bid by Viburnum Holdings Pty Ltd, as an independent committee and expert report conclude the offer is neither fair nor reasonable. The GTN Independent Board Committee, formed to evaluate the bid, has sent this recommendation to shareholders along with an independent expert’s report. Shareholders are encouraged to consult the full statement and seek professional advice for an informed decision.
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