Qoria Ltd. (AU:QOR) has released an update.
Qoria Ltd has unanimously rejected an unsolicited takeover bid from K1 Investment Management, deeming the $0.40 per share offer as significantly undervaluing the company. The board believes the proposal fails to reflect Qoria’s leadership in child safety and well-being markets, strong growth prospects, and its current productive sales quarter. Qoria remains committed to enhancing shareholder value and will maintain market updates in line with disclosure obligations.
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