SelfWealth Ltd (ASX:SWF) Receives Acquisition Proposal from Svava
Acquisition Proposal from Svava
SelfWealth Ltd (ASX:SWF) has received a non-binding indicative proposal from Svava Pte Ltd to acquire 100% of its shares for $0.28 per share through a scheme of arrangement.
Proposal Valuation
The Svava Proposal values SelfWealth at approximately $65 million, representing a 133% premium to the last closing share price of $0.120 on 12 November 2024.
Board Review and Next Steps
The SelfWealth Board considers the Svava Proposal potentially a superior offer to the existing Bell Offer of $0.25 per share. SelfWealth is engaging with Svava to further assess the proposal’s feasibility and benefits to shareholders. Shareholders need not take any action at this time.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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