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24-12-2023, 09:58 AM
The board behind leading taxi operator A2B Australia (ASX: A2B), which runs services 13cabs, Silver Service and Cabcharge, has unanimously backed a $182 million bid from Singapore-based transport conglomerate ComfortDelGro.
Under the agreement, ComfortDelGro’s Australian arm would acquire A2B for $1.45 per share in an all-cash deal. The suitor already holds a 9.25 per cent stake in A2B, making it one of the group’s largest shareholders.
The deal represents a 31 per cent premium to A2B’s three-month volume-weighted average share price. Due to the significant premium, the board is unanimously recommending the deal to shareholders.
Off the back of today’s news, A2B shares soared by 25 per cent to $2.24 each this afternoon.
https://www.businessnewsaustralia.com/ar...-25pc.html
Under the agreement, ComfortDelGro’s Australian arm would acquire A2B for $1.45 per share in an all-cash deal. The suitor already holds a 9.25 per cent stake in A2B, making it one of the group’s largest shareholders.
The deal represents a 31 per cent premium to A2B’s three-month volume-weighted average share price. Due to the significant premium, the board is unanimously recommending the deal to shareholders.
Off the back of today’s news, A2B shares soared by 25 per cent to $2.24 each this afternoon.
https://www.businessnewsaustralia.com/ar...-25pc.html
