In today’s briefing:
- ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote
ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote
- On the 1st November, cloud communication software outfit Symbio Holdings (SYM AU) backed Aussie Broadband Pty Ltd (ABB AU)‘s reduced cash/scrip Offer of A$2.99-$3.04/share, and entered into a Scheme agreement.
- Superloop Ltd (SLC AU), which had previously made two cash/scrip Offers for Symbio, promptly walked.
- Symbio’s Scheme Meeting has now been tabled for the 7 Feb, with implementation expected on the 28 February. The IE is supportive. This is done – and trading tight.
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