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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
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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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