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Why Xanadu’s Board Urges Shareholders to Accept Bastion’s A$0.08 Takeover Offer
1:34am on Monday 2nd of June, 2025 AEST
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Why Xanadu’s Board Urges Shareholders to Accept Bastion’s A$0.08 Takeover Offer
1:34am on Monday 2nd of June, 2025 AEST
Key Points
Bastion’s A$0.08 per share offer represents 57% premium to recent trading prices
Offer subject to minimum 50.1% acceptance and other conditions
Xanadu’s independent Takeover Committee recommends acceptance
Independent expert values Xanadu shares between A$0.056 and A$0.104 on controlling basis
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