Close the Loop Limited (ASX:CLG) Extends Exclusivity Period with Adamantem Capital
Exclusivity Extension Details
Close the Loop Limited (ASX:CLG) has extended the exclusivity period for Adamantem Capital’s proposed acquisition of the company at $0.27 per share. The exclusivity extension is valid until 20 January 2025, allowing Adamantem to complete its due diligence and negotiate a binding Scheme Implementation Deed (SID).
Transaction Proposal Status
Adamantem has confirmed its intention to pursue the acquisition at the same indicative price. The Company states that due diligence is “materially complete,” but there is no certainty that a binding agreement will be reached. Close the Loop assures shareholders that no immediate action is needed regarding the proposal. The Independent Board Committee has authorised this announcement for market disclosure.
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