MyDeal.com.au Ltd Watchlist
Woolies Moves On MyDeal (MYD AU)
357 Views, 20 May 2022 11:41
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.