AOD scrip takeover bid for Yowie Group Ltd (ASX:YOW)

Aurora Funds Management Limited (Aurora), as responsible entity of ADIT, is pleased to announce ADIT’s intention to make an off-market scrip takeover bid (Bid) for all of the shares in YOW. Each YOW shareholder who accepts the Bid will receive ADIT units having a value at the close of the Bid of 9 cents per YOW share.

The Bid consideration represents a 16.9% premium to YOW’s most recent closing price of 7.7 cents, 18.4% premium above the 30-day volume weighted average price (VWAP) and 8.5% above the 60-day VWAP, of YOW shares ended on 17 May 2019.

The proposed Bid is subject to a range of defeating conditions which are summarised in the schedule attached to this announcement.

Read more here.

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