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Matrix Composites Weighs Conditional Reverse Merger Proposal from AIS

2:14am on Monday 2nd of June, 2025 AEST Industrial Engineering
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Matrix Composites Weighs Conditional Reverse Merger Proposal from AIS

2:14am on Monday 2nd of June, 2025 AEST
Key Points
  • Matrix receives confidential, highly conditional merger proposal from AIS
  • Proposal involves Matrix acquiring AIS via share issuance, no cash involved
  • No formal agreement or certainty of transaction proceeding yet
  • Matrix board consulting advisers and urging shareholders to take no action
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