APM Announces Acquisition Agreement with Ancora BidCo

APM Human Services International Limited (ASX: APM) has entered a Scheme Implementation Deed with Ancora BidCo Pty Ltd, controlled by Madison Dearborn Partners, LLC, for the acquisition of APM's issued share capital (excluding shares held by MDP affiliates). Under the scheme, APM shareholders will receive AU$1.45 per share, valuing APM at approximately AU$1.3 billion.

This represents a 74.7% premium to APM's share price on February 16, 2024, and a 23.8% premium to the average price from April 8, 2024. Shareholders can opt to receive up to 100% of the consideration in unlisted shares. The APM Independent Board Committee and executives Megan Wynne and Michael Anghie recommend the scheme, pending no superior proposals and positive expert advice. The scheme is expected to be implemented by the end of 2024. No immediate action is required from shareholders.

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