Australia's Federal Court will hear an application by PSC Insurance Group (ASX:PSI) to approve a scheme of arrangement acquisition by Rosedale Bidco, a member of The Ardonagh Group, on Oct. 1, according to a Monday filing to the Australian bourse.
The court hearing is hinged upon the approval of PSC shareholders for the scheme on Sept. 26, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments