Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

We looked at G8 Education ("GEM") proposed offer for Affinity Education Group ("AFJ")Almost&nbsp;a month later:<ul><li>GEM lodged a bidder statement (off-market) on the 30 July 2015 with an offer of 1 GEM Share for every 4.61 AFJ share held</li><li>On the 3rd of August, after updating&nbsp;its existing financing arrangement with the Bank of Western Australia, GEM bumped their off-market offer to 1 GEM Share for every 4.25 AFJ share held and launched an on-market takeover offer for all of the ordinary shares of AFJ at AUD 0.80 cash per share</li></ul>

We looked at G8 Education ("GEM") proposed offer for Affinity Education Group ("AFJ")Almost&nbsp;a month later:GEM lodged a bidder statement (off-market) on the 30 July 2015 with an offer of 1 GEM Share for every 4.61 AFJ share heldOn the 3rd of August, after updating&nbsp;its existing financing arrangement with the Bank of Western Australia, GEM bumped their off-market offer to 1 GEM Share for every 4.25 AFJ share held and launched an on-market takeover offer for all of the ordinary shares of AFJ at AUD 0.80 cash per share

The Hunt is On, will this 'prey' escape? 