VED 0.00% $2.82 veda group limited

News: VED Veda says receives NZ OIO approval of Equifax inc's proposed acquisition of company

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    Jan 27 (Reuters) - Veda Group Ltd (VED) :

    • NZ OIO approval received (VED)
    • Consent from the NZ OIO was the final regulatory approval required under the scheme
    • Says directors of Veda continue to unanimously recommend that Veda shareholders vote in favour of the scheme
    • Also intend to vote any Veda shares in their control in favour of the scheme, in the absence of a superior proposal.
    • Veda shareholders will receive a cash payment of A$2.825 per Veda share on the implementation date
    • Scheme subject to approval of veda's shareholders at meeting to be held on Monday, 8 February 2016 and approval of federal court of Australia
    • Nz OIO provided notification that it consents to Equifax inc's proposed acquisition of 100% of the shares in Veda via a scheme of arrangement

 
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