Wednesday, March 16, 2011

Qualitas

Qualitas: To lift trading halt at 9am today. Conditional offer for Msia healthcare provider Qualitas’ shares at either $0.35 per share, a new share in the Offeror or a mix of cash and shares…

The offer is at a 20.0% premium to last traded price at $0.28 but is conditional on 50% or more of the shares being acquired. The Offerer is a invt holding co made up of a fund and two other individuals. Offeror intends to delist and privatise the co. Price is expected to narrow close to the offer price.

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