External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

<div><div><div><div><ul><li>Perenti Ltd (PRN) will acquire 100% of shares in DDH1 Ltd (DDH) under a scheme of arrangement.</li><li>The implied offer price is $1.01 per DDH share, or a 17.4% premium on the 5-day VWAP (at 23 June), with consideration comprising $0.1238 of cash plus 0.7111 PRN shares for each DDH share.</li><li>PRN shareholders will own 71% of the combined entity with DDH shareholders owning the remaining 29%, subject to adjustments as a result of dividends paid by either PRN or DDH.</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>

Perenti Ltd (PRN) will acquire 100% of shares in DDH1 Ltd (DDH) under a scheme of arrangement.The implied offer price is $1.01 per DDH share, or a 17.4% premium on the 5-day VWAP (at 23 June), with consideration comprising $0.1238 of cash plus 0.7111 PRN shares for each DDH share.PRN shareholders will own 71% of the combined entity with DDH shareholders owning the remaining 29%, subject to adjustments as a result of dividends paid by either PRN or DDH.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.

DDH1 - Perenti Ltd Acquisition of DDH1 Ltd