Latest Slh News

Silk Logistics Holdings has completed its acquisition by DP World Australia, with shareholders paid A$2.14 per share and the company set for imminent ASX delisting.

Silk Logistics Holdings Limited will be suspended from ASX trading following court approval of its acquisition by DP World Australia, marking a significant shift in the logistics sector.

Silk Logistics Holdings has secured court approval for its acquisition by DP World Australia, with shares set to be suspended on the ASX and a cash payout scheduled for shareholders.

The Supreme Court of New South Wales has approved DP World Australia’s acquisition of Silk Logistics, paving the way for a $2.14 per share cash payout to Silk shareholders and imminent suspension of Silk shares on the ASX.

Silk Logistics shareholders have decisively approved the acquisition by DP World Australia, marking a pivotal step toward the deal’s completion pending final court approval.

Silk Logistics Holdings shareholders overwhelmingly approved the $174.5 million acquisition by DP World Australia, endorsing a 45.6% premium cash offer. The deal now awaits final court approval to complete by mid-August.

Silk Logistics Holdings has scheduled its shareholder meeting for August 1 to vote on the proposed $2.14 per share acquisition by DP World Australia, with an independent expert reaffirming the deal’s fairness.

DP World Australia has secured Foreign Investment Review Board approval to acquire 100% of Silk Logistics, clearing a major regulatory hurdle for the deal.

The Australian Competition and Consumer Commission has signaled no opposition to DP World Australia’s acquisition of Silk Logistics, advancing the deal but leaving key approvals pending.

The ACCC has approved DP World Australia’s acquisition of Silk Logistics, concluding it won’t significantly harm competition in container stevedoring and logistics services. The decision follows a thorough investigation into potential market impacts.

Silk Logistics Holdings and DP World Australia have agreed to push back the deadline for their acquisition deal, awaiting a key regulatory decision from the ACCC.

Silk Logistics Holdings has announced a court-ordered postponement of the Scheme Meeting for its acquisition by DP World Australia, delaying shareholder decisions and the acquisition timeline.