bullish
InvoCare: Shareholder Vote On 31st Oct. IE Says Fair
548 Views25 Sep 2023 16:14
SUMMARY
- On 9 August, PE outfit TPG and InvoCare (IVC AU), Australia's leading funeral services provider, entered into a Scheme Implementation Agreement at A$12.70/share, inclusive of a A$0.60/share fully franked dividend.
- TPG's had previously tabled A$12.65/share on the 7 March, which InvoCare summarily rejected.
- The Scheme Booklet is now out. InvoCare shareholders vote on the transaction on the 31 October, with implementation on the 24 November. The IE says terms are "fair and reasonable".
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