The Schrole Group is close to being taken over by TES Global

Schrole Group Ltd. (Australia:SCL) has released an update.

Schrole Group Ltd has announced a definitive agreement for TES Aus Global Pty Limited to acquire all of Schrole’s outstanding shares at a significant premium, offering shareholders a cash price of 48.52 cents per share. The acquisition values ​​Schrole at approximately $18.15 million, representing a significant premium over recent transaction prices, and is expected to close by September 2024 subject to shareholder and court approval. The board unanimously recommended that shareholders vote in favor of the transaction, which is not dependent on financing or due diligence conditions.

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