Augusta directors recommend Centuria takeover

Mon, 13 Jul 2020

An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in the absence of a higher offer. Centuria is offering 22 cents in cash – raised from 20 cents on July 2 – and 0.392 Centuria shares for each Augusta share. At Friday's closing price, taking into account the value of the New Zealand dollar against the Australian dollar, that values the offer at 91 cents per share. Centuria has already declared...

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