PSC Insurance Group (ASX:PSI) said Australia's Federal Court approved on Tuesday the acquisition of the company by a member of the Ardonagh Group via a scheme of arrangement for AU$6.19 per share in cash, according to a same-day filing with the Australian bourse.
PSC expects the scheme to become legally effective Wednesday and will request its shares be suspended from close of trading, the filing said.
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