On 9 August, PE outfit TPG and InvoCare (IVC AU), Australia's leading funeral services provider, entered into a Scheme Implementation Agreement at A$12.70/share, inclusive of a A$0.60/share fully franked dividend.
TPG's had previously tabled A$12.65/share on the 7 March, which InvoCare summarily rejected.
The Scheme Booklet is now out. InvoCare shareholders vote on the transaction on the 31 October, with implementation on the 24 November. The IE says terms are "fair and reasonable".
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