Engenco Limited (ASX:EGN) Receives Increased Takeover Offer
Takeover Bid Details
Elph Investments Pty Ltd has increased its off-market takeover bid for Engenco Limited (ASX:EGN) from $0.305 to $0.31 per share. The increased offer price applies to all Engenco shareholders who accept the offer, including those who have already accepted it.
Offer Price Variation
The variation notice and the First Supplementary Bidder’s Statement have been lodged with the Australian Securities and Investments Commission (ASIC) and served on Engenco. The final offer price of $0.31 per Engenco share will not be increased under any circumstances.
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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