MyDeal.com.au Ltd

Woolies Moves On MyDeal (MYD AU)

Event-Driven
357 Views, 20 May 2022 11:41
EXECUTIVE SUMMARY
  • Woolworths Ltd (WOW AU) proposes to acquire all shares in MyDeal.com.au Ltd (MYD AU) other than those held by Sean Senvirtne and other key management personnel.
  • MyDeal shareholders will receive $1.05/share in cash, a punchy 62.8% premium to last close, but just 5% above its 2020 IPO price.
  • This proposal is being done by way of a Scheme with expected completion in Q3/Q4 2022.
detail (4-minute read)
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David Blennerhassett
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Quiddity Advisors
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HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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