Lynch Group Holdings (ASX:LGL) said that the scheme of arrangement for the acquisition of the firm by Darwin Aus Bidco was implemented on Tuesday, according to a same-day filing with the Australian bourse.
The company's shares were suspended from trading on the Australian Securities Exchange on Dec. 5, and it plans to apply for its removal from quotation on the official list of ASX, with effect from close of trading on Wednesday.
Lynch shareholders were paid AU$2.155 for each Lynch share held as of Dec. 2.