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Xanadu Takeover Nears Completion as Bastion Hits 86.8% Stake
5:01pm on Tuesday 8th of July, 2025 AEST
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Xanadu Takeover Nears Completion as Bastion Hits 86.8% Stake
5:01pm on Tuesday 8th of July, 2025 AEST
Key Points
Bastion holds 86.8% relevant interest in Xanadu shares
Xanadu’s Takeover Committee unanimously endorses Bastion’s superior offer
Offer closing date extended to July 29, 2025
Potential delisting from ASX and TSX raises liquidity concerns
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