Qantm Intellectual Property Ltd. (AU:QIP) has released an update.
QANTM Intellectual Property Ltd. has agreed to a takeover by Adamantem Capital via a scheme of arrangement at $1.817 per share, a 58% premium over its undisturbed closing price. Shareholders may opt for an all-cash payout or a mix of cash and scrip, with the added benefit of a potential fully franked special dividend. The company’s board unanimously recommends acceptance of the offer, supported by voting commitments from principals representing 19% of QANTM shares.
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