Seek Limited to Acquire Xref in New Agreement

Seek Limited (AU:SEK) has released an update.

Xref Limited has entered into a binding agreement with Seek Limited for the acquisition of all Xref shares at $0.218 per share, contingent on shareholder and court approvals. The Xref board unanimously recommends the scheme, aiming for completion in early 2025. This arrangement includes standard exclusivity and reciprocal break fee provisions to ensure smooth implementation.

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