GTN Ltd Urges Shareholders to Reject Viburnum’s Bid

GTN Ltd. (AU:GTN) has released an update.

GTN Limited is facing an off-market takeover bid from Viburnum Holdings, which now holds a 53.35% interest in the company, prompting an extension of the offer period. Despite Viburnum’s significant stake, GTN’s Independent Board Committee advises shareholders to reject the bid, arguing it undervalues the company. Shareholders are encouraged to seek professional advice and consider the risks of maintaining a minority position under Viburnum’s control.

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