Softbank Robotics Singapore Pte. Ltd. agreed to acquire Millennium Services Group Limited (ASX:MIL) for AUD 57.2 million on December 21, 2023. The consideration will be paid at a price of AUD 1.15 per share of Millennium.

The board of Millennium considers that the Scheme is in the best interests of shareholders and unanimously recommends that Millennium shareholders vote in favor of the Scheme in the absence of a Superior Proposal. The deal has been approved by shareholders of Millennium Services Group Limited. The deal is expected to be completed on May 3, 2024.

Kardos Scanlan is acting as legal adviser, and Computershare Limited (ASX:CPU) acted as registrar to Millennium. Lonergan Edwards & Associates Limited acted as fairness opinion provider to Millennium Services Group Limited.