360 Capital moves to acquire Evans Dixon

360 capital Evans Dixon acquisition takeover

27 October 2020
| By Mike |
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360 Capital Group has made a takeover offer for Evans Dixon.

360 has announced to the Australian Securities Exchange (ASX) that it has made an offer to acquire Evans Dixon via an off-market takeover with the offer price valued at $0.61 per share.

360 said it believed the offer price represented compelling value for Evans Dixon shareholders representing a 142% premium on the company’s most recently reported net tangible assets and a 35% premium to the average price in which the bidder purchased its last portion of its 19.55% stake approximately six weeks ago.

The announcement noted that the trading price of Evans Dixon shares had decreased 79% since the company’s publicly listing in May, 2018.

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