Full story: https://grafa.com/news/k2fly--asx-k2f--to-be-acquired-by-accel-kkr-s-argyle-bidco-238410
K2fly signed a binding scheme implementation deed with Argyle Bidco, a subsidiary of Accel-KKR, to acquire 100% of K2fly shares.
Under the agreement, K2fly shareholders will receive 19 cents cash per share.
The acquisition has been unanimously recommended by the K2fly board, subject to no superior proposal emerging and positive assessment by an independent expert.
The deal is pending Foreign Investment Review Board approval and other customary conditions, including court and shareholder approvals.
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