Aussie Broadband Limited completed the acquisition of Symbio Holdings Limited.
The transaction is subject to completion of confirmatory due diligence satisfactory to Aussie Broadband, entry into a Scheme Implementation Deed (SID) in mutually acceptable form and Unanimous recommendation from the Symbio Board and a commitment from all Symbio Directors to vote any Symbio shares they hold or control in favour of the indicative proposal. The Symbio Board has approved the proposal and recommend it to shareholders subject to entering binding documentation. King & Wood Mallesons acted as legal advisor to Symbio Holdings. Goldman Sachs Australia Pty Ltd acted as financial advisor to Aussie Broadband Limited. Moelis & Company and Moelis Australia Advisory Pty Ltd acted as financial advisor to Symbio Holdings Limited.
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Symbio Holdings Limited (ASX:SYM) on February 19, 2024.