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IPH Submits Proposal to Acquire Xenith IP

12 Mar 2019  |  09:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IPH submits Proposal to acquire Xenith IP

IPH announced that it has submitted a proposal to acquire Xenith IP Group for a combination of cash and its shares valued at $1.97 per Xenith share. The proposal represents a binding offer to effect the acquisition by way of a scheme of arrangement, that is capable of acceptance and attaches a scheme implementation deed on substantially similar terms to the proposed merger (QANTM Merger) between Xenith and QANTM Intellectual Property (QANTM).

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