In today’s briefing:
- APM (APM AU): Madison Dearborn’s “Disappointing” NBIO
- Empire Energy Group ASX:EEG RaaS Interview Transcript 8 April 2024
APM (APM AU): Madison Dearborn’s “Disappointing” NBIO
- On the 28th Feb, PE-outfit CVC Asia Pacific bumped its NBIO to A$2.00/share, and was granted exclusive due diligence. On the 27th Mar, CVC said they were “unable to proceed“.
- Today, the 8th April, Madison Dearborn Partners, holding ~29%, has pitched an non-indicative, non-binding Offer at A$1.40/share, in cash, by way of a Scheme. An unlisted scrip option is available.
- A key condition is APM Human Services (APM AU)‘s executive-chair Megan Wynne, founding related parties, and key management, electing scrip. The Independent Board Committee reckons the Offer Price is disappointing.
Empire Energy Group ASX:EEG RaaS Interview Transcript 8 April 2024
- Discussion on progress of Beetaloo project and update on FID, discussion on outlook for gas supply in east coast Australia, comments on recent substantial shareholder notice from Sheffield Resources.
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