BFG to acquire SelfWealth
Bell Financial Group has made a non-binding offer to acquire SelfWealth.
Bell announced to the Australian Securities that following constructive engagement with SelfWealth it had made a non-binding proposal to acquire 100% of the company for $0.22 per share by a scheme of arrangement valuing SelfWealth at around $51 million.
The ASX announcement said the SelfWealth board had agreed to progress negotiations of a binding implementation deed on an exclusive basis and to unanimously recommended shareholders vote in favour of the proposal in the absence of a superior offer.
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