External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

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External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>Close the Loop has received an approach from Adamantem Capital to acquire its equity for 27 cents per share, representing a 49% premium to 30-day VWAP.</li><li>CLG's board is supportive and has granted Adamantem a period of exclusivity to complete due diligence with a view to negotiating a binding Scheme Implementation Deed.</li><li>With CLG now in play, we lower our target price from 53 cents to 27 cents in line with Adamantem's valuation, and we move from Buy to HOLD.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Close the Loop has received an approach from Adamantem Capital to acquire its equity for 27 cents per share, representing a 49% premium to 30-day VWAP.CLG's board is supportive and has granted Adamantem a period of exclusivity to complete due diligence with a view to negotiating a binding Scheme Implementation Deed.With CLG now in play, we lower our target price from 53 cents to 27 cents in line with Adamantem's valuation, and we move from Buy to HOLD.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Close the Loop Ltd - Adamantem Capital Makes an Approach

Close The Loop Ltd

Close the Loop Ltd - Adamantem Capital Makes an Approach