Human services company Millennium Services Group Ltd (ASX:MIL) has entered a Scheme of Arrangement with an entity associated with Softbank Robotics Singapore for the acquisition of 100% of shares at $1.15/share cash. Shareholders also have the option to accept a mix of cash and scrip in the new unlisted entity, with certain management committing not less than a total of 30% for this option. The bid price represents an 89% premium to the last RaaS update note (October 23) and 360% premium from Ju ....

07 Jan 2024
Bid implies an EV/EBITDA multiple in-line with peers

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Bid implies an EV/EBITDA multiple in-line with peers
- Published:
07 Jan 2024 -
Author:
Finola Burke | John Burgess -
Pages:
7 -
Human services company Millennium Services Group Ltd (ASX:MIL) has entered a Scheme of Arrangement with an entity associated with Softbank Robotics Singapore for the acquisition of 100% of shares at $1.15/share cash. Shareholders also have the option to accept a mix of cash and scrip in the new unlisted entity, with certain management committing not less than a total of 30% for this option. The bid price represents an 89% premium to the last RaaS update note (October 23) and 360% premium from Ju ....