APM Human Services International Limited (AU:APM) has released an update.
APM Human Services International Limited has received a non-binding indicative proposal from Madison Dearborn Partners (MDP) to acquire the company for $1.40 cash per share, subject to certain conditions including shareholder and regulatory approvals. The Independent Board Committee, disappointed with the offer, is considering the proposal while remaining open to other potential acquirers. APM expects significant earnings growth in FY25 due to new contracts and corporate initiatives, despite a temporary productivity impact from a new client management system implementation.
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