Trade Me takeover offer beats independent adviser valuation, board says

Wed, 06 Mar 2019

By Paul McBeth March 7 (BusinessDesk) - Trade Me shareholders are being told Apax Partners' $2.56 billion takeover bid eclipses the independent adviser's valuation, but won't see the report for another week or two. The company's 9,458 shareholders will vote on whether to approve the $6.45 a share takeover offer on April 3 at a special meeting in Wellington, and will get the notice of meeting around March 19. The takeover is via a scheme implementation agreement, which has a lower bar to get shareholders over the line, requiring 75 per...

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