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Superloop Announces End of Exclusive Sale Transaction Discussions

16 May 2019  |  09:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: End of Exclusive Sale Transaction Discussions

Superloop announced on 3 May 2019 that it had received an unsolicited, non-binding, conditional and indicative proposal from QIC Private Capital on behalf of its Global Infrastructure managed and advised funds and clients (collectively QIC) on 2 April 2019 to acquire the Company for $1.90 per share (Initial Indicative Proposal), and a further revised non-binding, conditional and indicative proposal on 26 April 2019 from QIC to acquire the Company for $1.95 per share (Revised Indicative Proposal).

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