Elph Investments has secured control of Engenco (ASX:EGN) by acquiring 92.68% shares, rendering its AU$0.31 per-share takeover offer unconditional, according to a Friday filing with the Australian bourse.
The endorsing directors encourage shareholders to accept the offer promptly instead of waiting for compulsory acquisition, with the offer closing on June 27 unless extended, the filing added.
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