MacarthurCook accepts AIMS offer
The board of funds management and property group MacarthurCook has finally relented on the takeover bid by AIMS Securities Holdings and will recommend acceptance to shareholders.
The board announced to the Australian Securities Exchange today that it had reached agreement in relation to the AIMS bid after AIMS increased its offer by a further 8 cents to 43 cents per share.
Commenting on the changed position, MacarthurCook chairman Richard Haddock said the board was pleased AIMS had recognised the increased value in MacarthurCook.
AIMS has said it would support a proposed capital raising by MacarthurCook to enable it to stabilise its balance sheet.
AUTHOR
Mike Taylor
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