SEEK Limited (ASX:SEK) Terminates Xref Limited Acquisition Scheme
Scheme Outcome
SEEK Limited announced that Xref Limited did not achieve the required 75% shareholder support for the scheme of arrangement to be acquired by SEEK. Only 67.60% of votes cast were in favour, leading to the immediate termination of the scheme implementation deed.
Future Plans
SEEK Limited stated it will explore other opportunities to grow placements, increase yield, and improve operating leverage, including alternative approaches to achieving the benefits the scheme would have provided.
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