APM Considers Updated Acquisition Offer from CVC

Feb 28, 2024

APM Human Services International Limited (ASX: APM) has received a revised non-binding offer of AU$2.00 per share from CVC Asia Pacific Limited for acquisition. A newly formed Independent Board Committee (IBC) is leading the evaluation, comprising four independent directors led by Neville Power. The offer represents a substantial premium to recent share prices.

Shareholders are given an option to receive consideration in the form of shares in an unlisted Australian public company. The proposal is subject to various conditions, including due diligence and regulatory approvals. During the exclusivity period granted to CVC, negotiations will progress towards finalizing transaction documents. While non-binding, APM's management remains focused on its mission amidst the acquisition process.

 

 

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