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AFS Moves to Complete Takeover with $2,948 Buy-Out of DDB Convertible Securities

5:31pm on Sunday 1st of June, 2025 AEST Financial Services
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AFS Moves to Complete Takeover with $2,948 Buy-Out of DDB Convertible Securities

5:31pm on Sunday 1st of June, 2025 AEST
Key Points
  • AFS holds 98.979% of DDB shares after successful takeover bid
  • Compulsory buy-out initiated for remaining convertible securities held by Joel Skipworth
  • Buy-out offer valued at $2,948, within expert-assessed fair value range
  • Independent expert report by RSM Corporate Australia supports valuation
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