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Freedom Bidco Raises Offer to A$0.22 Per Share for Strata with Share Swap Option

5:56pm on Friday 19th of June, 2026 AEST Financial Services
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Freedom Bidco Raises Offer to A$0.22 Per Share for Strata with Share Swap Option

5:56pm on Friday 19th of June, 2026 AEST
Key Points
  • Revised cash offer of A$0.22 per share values Strata at AU$37.3 million
  • Share alternative offer allows swap into Freedom Bidco shares
  • Freedom Bidco alleges governance failures and obstructive actions by Strata board
  • Strata’s AU$8 million placement criticised as dilutive and frustrating
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