An announcement from Bell Financial Group Limited ( (AU:BFG) ) is now available.
SelfWealth Ltd, an Australian Securities Exchange-listed company, announced it has received a binding proposal from Svava Pte Ltd to acquire all of its shares at $0.28 per share via a scheme of arrangement, offering a 12% premium over a previous proposal by Bell Financial Group Limited. Svava, already holding an 18.8% stake in SelfWealth, completed due diligence, prompting SelfWealth to initiate a matching right process with Bell, which has until 26 February 2025 to respond with a counterproposal. Shareholders are advised to await further updates.
More about Bell Financial Group Limited
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €279.9M
Learn more about BFG stock on TipRanks’ Stock Analysis page.
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