Engenco Says Elph Investments Increases Takeover Bid Offer Price

MT Newswires Live

06-04

Engenco (ASX:EGN) said that Elph Investments, a member of the Elphinstone Group, increased the offer price for its takeover bid for the firm to AU$0.31 from AU$0.305, according to a Friday filing with the Australian bourse.

Elph Investments said the increased offer price is final. The increased offer price will apply to all Engenco shareholders who accept the offer, including shareholders who have already accepted the offer.

There were no changes to other terms of the offer, per the filing.

Its shares rose 2% in recent trading on Wednesday.

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