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Count sweetens Diverger bid

Mike Taylor17 November 2023
Liability insurance Australia premium increase written

Count Limited has increased its acquisition offer for Diverger.

The two companies announced to the Australian Securities Exchange (ASX) today that Count had increased its offer to $1.365 per share based on a cash consideration of 0.40 cents per share and scrip consideration of $1.44.

The announcement said that, in addition, Diverger would now be permitted to pay a fully franked cash dividend of up to 10 cents per Diverger share on a prior implementation of the Scheme.

The Diverger Board said that the company continued to unanimously consider the scheme in the best interest of shareholders.

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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