Slater & Gordon backs $78 million Allegro Funds takeover offer

 The board of law firm Slater & Gordon (ASX: SGH) has today unanimously backed a takeover offer from Sydney-based Allegro Funds that would see the suitor acquire 100 per cent of the company for $78 million.

Under the off-market takeover offer, shareholders would receive 55 cents per share held, valuing the transaction at approximately $78 million based on the 141 million shares currently on issue - the majority of which are held by a consortium led by Anchorage Capital Partners.

The announcement and the firm’s subsequent backing of the deal comes alongside Slater & Gordon’s first half financial results which detailed how the firm has returned to profit in the latest financial period.

Read More: https://www.businessnewsaustralia.com/articles/slater---gordon-backs--78-million-allegro-funds-takeover-offer.html



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