ClearView supports upgraded takeover offer
The board of ClearView has entered into an implementation agreement with CCP BidCo, which has launched an upgraded offer from the one that was rejected by the ClearView board just over a week ago.
The original offer was for $0.50 per share and subject to several conditions. The new offer is for $0.55 per share with a shareholder dividend to be paid separately to the offer, rather than deducted from the offer price.
ClearView chairman Ray Kellerman said the renegotiated offer means a substantially increased payment opportunity for shareholders.
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