Centuria Capital Group (ASX:CNI) has lodged a takeover notice confirming its plan to make a full takeover offer to acquire the remaining shares in Augusta Capital Limited for NZ$130 million. In case the transaction becomes successful, Centuria AUM would improve by 24% to A$8.9 billion.
Augusta shareholders that agree to the proposed offer shall get NZ$0.20 in cash & 0.392 of a Centuria Stapled share in exchange for each of their shares in Augusta.
The transaction would be funded by Centuria scrip and cash reserves.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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