Australian (ASX) Stock Market Forum

SYM - Symbio Holdings

SuperLoop advises that its Best and Final Offer to acquire all of Symbio Holdings Limited’s shares via a scheme of arrangement lapsed on 29 September 2023.
ENDS
 
Update on Proposal to Acquire Symbio Superloop Limited (ASX: SLC)
(Superloop or Company or Group) advises that its Best and Final Offer (BOFA) to acquire all of Symbio Holdings Limited’s shares via a scheme of arrangement lapsed on 29 September 2023.

ENDS

i do not hold either share
 
• Entered into Scheme Implementation Agreement for the acquisition of 100% of Symbio by Aussie Broadband (ABB)
• Symbio’s shareholders to receive $2.26 in cash and 0.192 Aussie Broadband shares for each Symbio share which represents an equity value of $262m, implying a valuation of Symbio of $241m on an enterprise value basis
 
• Entered into Scheme Implementation Agreement for the acquisition of 100% of Symbio by Aussie Broadband (ABB)
• Symbio’s shareholders to receive $2.26 in cash and 0.192 Aussie Broadband shares for each Symbio share which represents an equity value of $262m, implying a valuation of Symbio of $241m on an enterprise value basis
court approved takeover, SYM gone ex- to pay a special ff dividend on 28 Feb, and soon will delist
 
On February 29th, 2024, Symbio Holdings Limited (SYM) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SYM and its shareholders in connection with the acquisition of all the issued capital in SYM by Aussie Broadband Limited (ABB).
 
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