IMF Bentham to Acquire Litigation Funder

  • Oct 15, 2019 AEDT
  • Team Kalkine

IMF Bentham Limited (ASX: IMF) has entered into a binding share purchase agreement to acquire Omni Bridgeway for up to $141 million, consisting cash of $57 million, and several tranches of deferred and deferred contingent consideration.

  • The transaction is in line with IMF’s plan diversify risk via geographic expansion, among others.
  • IMF is undertaking fully underwritten institutional placement, and an entitlement offer.
  • Institutional placement would raise $19 million at $3.50 per share.
  • Entitlement offer would be offered at $3.40 per share.

 

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