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Article: ABC Learning Centres launches friendly bid for FutureOne.
- Article from:
- Australasian Business Intelligence
- Article date:
- May 13, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 12, 2003 (The Australian Financial Markets Newsletter - INSTO - ABIX via COMTEX) -- FutureOne shareholders have been advised to vote in favour of the ABC Learning Centres takeover bid. The offer, which is based on a price of $A0.62 a share, will exchange seven FutureOne shares for two ABC Learning Centre shares. If approved, the merger will make ABC Learning Centres and FutureOne the operator of 200 childcare centres across Australia. ABC's financial adviser for the takeover is Austock Corporate Finance.
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