Millennium Services Group Ltd - Bid Implies an EV/EBITDA Multiple In-Line with Peers
SUMMARY
- Human services company Millennium Services Group Ltd (ASX:MIL) has entered a Scheme of Arrangement with an entity associated with Softbank Robotics Singapore for the acquisition of 100% of shares at $1.15/share cash.
- Shareholders also have the option to accept a mix of cash and scrip in the new unlisted entity, with certain management committing not less than a total of 30% for this option.
- The bid price represents an 89% premium to the last RaaS update note (October 23) and 360% premium from July 1, 2023.
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- Millennium Services Group Ltd - Bid Implies an EV/EBITDA Multiple In-Line with Peers08 Jan 2024
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