Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Quickstep Holdings Limited (ASX: QHL) has entered a binding Scheme Implementation Deed (SID) with ASDAM Operations Pty Ltd for ASDAM to acquire 100% of Quickstep’s issued shares via a scheme of arrangement. The proposed transaction offers shareholders AU$0.575 per share, reflecting significant premiums of 195% to the closing price on November 6, 2024, and 123% to the 1-month VWAP.
Quickstep’s Board has unanimously recommended the Scheme, contingent on no superior proposals and an Independent Expert's confirmation that the transaction is in shareholders' best interests. The agreement aligns with Quickstep’s strategic vision, with ASDAM supporting innovation in advanced manufacturing. The Scheme is subject to shareholder and court approvals, among other conditions. A Scheme Booklet with key details will be distributed in the new year, with a shareholder vote scheduled for the first half of 2025. Miles Advisory Partners and Maddocks are advising Quickstep on this transaction.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 16, 2025
Apr 15, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
