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Suzerain Launches $28.79M Cash Takeover Bid for Entertainment Rewards
7:01am on Thursday 16th of October, 2025 AEDT
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Technology
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Suzerain Launches $28.79M Cash Takeover Bid for Entertainment Rewards
7:01am on Thursday 16th of October, 2025 AEDT
Key Points
Suzerain offers $0.022 per share, a 1,000% premium to recent trading prices
Offer values Entertainment Rewards at approximately $28.79 million
Independent Board Committee unanimously recommends acceptance, pending expert fairness opinion
Offer subject to regulatory approvals and minimum acceptance thresholds
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