Aspen Group (ASX:APZ) made an offer to acquire the remaining 86.3% stake in Eureka Group Holdings Limited (ASX:EGH) for AUD 110 million on January 23, 2024. The offer will be implemented by the issuance of 0.26 fully paid ordinary stapled securities in Aspen Group for 1 EGH share. As of March 21, 2024 a substantial holder does not intend to accept Aspen Group Limited?s unsolicited all-scrip takeover offer and The Eureka Board advises shareholders to take no action.

Automic Pty Ltd. acted as Registrar, Corrs Chambers Westgarth acted as Legal advisor and Mst Financial Services Pty Ltd acted as Financial advisor to Aspen Group.

Aspen Group (ASX:APZ) cancelled the acquisition of remaining 86.3% stake in Eureka Group Holdings Limited (ASX:EGH) on April 8, 2024.