Allied Farmers has announced that WAF Limited intends to make an unsolicited offer to purchase up to 1,650,000 shares in Allied at a price of $0.715 per share, which is a 5.15% premium to the previous day's closing price.
WAF currently owns a 14.25% shareholding in Allied, and if it acquires the maximum number of shares under the offer, its shareholding will increase to 19.99%.
Allied recommends that shareholders carefully review WAF's disclosure document and terms of offer, consult with a financial adviser, and check the most recent market price for Allied shares.
Shareholders are not obligated to accept the offer and have the right to cancel their acceptance within 10 working days.
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