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IOOF Holdings Limited (ASX:IFL) has made a takeover bid for Trust Company Limited (ASX:TRU), saying its offer is better for shareholders than an earlier bid by Perpetual Limited (ASX:PPT).
IOOF offers share consideration of 0.74 IOOF shares per Trust share or guaranteed minimum cash consideration, and a special dividend of 22 cents per Trust share, expected to be fully franked.
The special dividend and guaranteed minimum cash consideration will total $6.25 per Trust share.
The Trust Company has already signed a scheme implementation agreement with Perpetual.
IOOF generated a net profit of $80.4 million in fiscal 2013.
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Last
$2.62 |
Change
-0.030(1.13%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.67 | $2.59 | $2.404M | 918.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5853 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 12998 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |