Market Takeover Bid for Dynamic Group Holdings Limited

Dynamic Group Holdings Limited (ASX: DDB) has announced an on-market takeover offered by the Australian Meat Industry Superannuation Pty Ltd (trading as Australian Food Super). AFS, which holds a 19.87% stake in DDB, proposes to acquire the company’s remaining shares at AU$0.28 per share, valuing DDB at approximately AU$38.93 million.

This offer represents a 19.15% premium over DDB’s closing price of AU$0.236 on July 25, 2024. AFS believes the offer is attractive given the current risks in the meat industry and other market uncertainties, which have contributed to a 14.55% decline in DDB's share price over the past year. The formal offer period begins on August 9, 2024, but shareholders can sell their shares on the market to AFS starting immediately. AFS urges DDB shareholders to review the bidder's statement dated July 26, 2024, for more information before accepting the offer.

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