COG Financial Services Limited (ASX:COG) made an offer to acquire Diverger Limited (ASX:DVR) for AUD 53.1 million on October 13, 2023. As per the transaction, COG proposes to acquire all of the Diverger shares on issue for AUD 1.4083 per share with AUD 0.679 in cash per Diverger Share and AUD 0.731 in COG shares. The transaction will be financed from Existing internal cash resources, capital raise and acquisition finance from CBA. The transaction is approved by board of directors of COG Financial Services Limited and is subject to due diligence investigation, definitive agreement and final approval of board of directors of COG Financial Services Limited.

COG Financial Services Limited (ASX:COG) cancelled the acquisition of Diverger Limited (ASX:DVR) on March 1, 2024.