ArborGen hit with lowball takeover offer

ArborGen hit with lowball takeover offer
ArborGen is a leading producer of tree seedling products. (Image: supplied)
Rebecca Howard
Global advanced genetics seedling company ArborGen Holdings said it has received a low-ball takeover offer and it will be undertaking a strategic review that could include a US listing. The company – formally known as Rubicon – said it has received a confidential, non‐binding, indicative, incomplete and highly conditional proposal from a credible third party to acquire all of the shares in, or assets of, ArborGen.A sub-committee of independent directors concluded the offer “materially undervalues the company”.As a r...

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