Eildon Capital Group (ASX:EDC) said its independent board committee recommended shareholders accept Samuel Terry Asset Management's off-market takeover bid for the company's securities at AU$0.875 per stapled security, according to a Tuesday Australian bourse filing.
The company's board recommends that shareholders vote in favor of the scheme in the absence of a superior proposal and an independent expert's conclusion that the offer is fair and reasonable, the filing said.
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