HUB24 Limited

ASX:HUB

HUB24 Limited

ASX:HUB
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$39.45 (-2.4%)
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#231
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Tom73
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Last edited 3 years ago
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#HUB buys CL1
stale
Tom73
Last edited 3 years ago
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HUB has entered into a scheme of implementation deed with CL1 to acquire CL1 for a 1/11 script + $0.10 cash which is a 52.8% premium to the 1 month VWAP of both companies. Valuing CL1 at about $3.10 (Vs last close of $1.81), nice.

As a long suffering CL1 shareholder it is good news and for HUB shareholders it is supposedly going to be 8% EPS accretive.

CL1 will continue to be run separately and CL1 directors support the offer – as do I as a CL1 shareholder.

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