Count to be acquired by CBA
Count Financial is to be acquired by the Commonwealth Bank
The company has announced to the Australian Securities Exchange that it has entered into a Scheme Implementation Deed with the CBA under which the bank will acquire all of the ordinary shares.
Count founder and executive chairman, Barry Lambert said the board would unanimously recommend to shareholders that they vote in favour of the scheme in the absence of a superior proposal emerging.
The offer will allow Count shareholders the choice of receiving $1.40 a share or $1.40 in CBA shares.
AUTHOR
Mike Taylor
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