Embark Early Education Closes Off-Market Takeover Bid for Mayfield Childcare; Embark Shares Reach Five-Year Low

MT Newswires Live
Mar 09

Embark Early Education (ASX:EVO) said its off-market takeover bid for the ordinary shares of Mayfield Childcare (ASX:MFD) closed on March 5, according to a Monday Australian bourse filing.

Embark received acceptances under the bid, which will bring its shareholding in Mayfield to 29.8 million shares, equivalent to a total voting power to 39.49%.

Embark plans to issue the shares for the scrip consideration under the bid on Wednesday and it will dispatch cheques for the cash consideration on Thursday.

Embark's shares fell 5% in recent trading on Monday, reaching a five-year low. Mayfield's shares rose past 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10