Qantm Intellectual Property Ltd. (AU:QIP) has released an update.
QANTM Intellectual Property Ltd. has announced the Supreme Court of New South Wales’ approval for a shareholder meeting to vote on its acquisition by Fox BidCo, owned by Adamantem Capital. An Independent Expert has deemed the proposed cash offer of $1.817 per share fair and in the best interests of shareholders, falling within the assessed value range. Shareholders will receive a Scheme Booklet detailing the acquisition and Independent Expert’s Report before the scheduled vote on 31 July 2024.
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