VGH 0.00% 12.0¢ vision group holdings limited

Trade only atm. Like how she is behaving today post ann. Has...

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    Trade only atm. Like how she is behaving today post ann.

    Has risk.

    Sydney - Tuesday - December 30: (RWE Australian Business News) -
    Vision Group Holdings Ltd (ASX:VGH) today disclosed it had received a
    number of non-binding, conditional offers to acquire the company.
    "These offers value the company appreciably above the current
    share price," chairman Mr Shane Tanner noted.
    "The offers received contemplate an ongoing and significant
    equity position for the existing doctor partners in the company and the
    acquisition of all other shareholders for cash consideration.
    "The company's doctor partners, together with management, hold
    approximately one third of the company's issued capital," he said.
    "The board has agreed to work exclusively with the party that
    delivered the most compelling proposal to further examine a number of
    the key offer conditions so as to determine whether a satisfactory
    outcome can be achieved for all shareholders. There can be no assurance
    that a binding offer on acceptable terms will result from this process."
    Mr Tanner said Vision Group's core business and cashflow
    remained strong and it was continuing to make good progress in doctor
    partner contract renegotiations
 
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Currently unlisted public company.

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