Strata Rejects Proposed Offer
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| Stock | Strata Investment Holdings Plc (SRT.ASX) |
|---|---|
| Release Time | 15 Jun 2026, 8:51 a.m. |
| Price Sensitive | Yes |
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Strata Rejects Proposed Offer from Freedom BidCo, Inc
Key Points
- Strata Investment Holdings PLC rejected a non-binding proposal from Freedom BidCo, Inc
- The proposed offer was A$0.16 per share, no premium to the last traded price
- Strata's Board believes the offer undervalues the company and its prospects
Full Summary
Strata Investment Holdings PLC (ASX: SRT) has rejected a non-binding, indicative proposal from Freedom BidCo, Inc, a Canadian company, to acquire all shares at A$0.16 per share. The Strata Board, after careful consideration and advice, concluded the offer was highly conditional, did not represent compelling value, and materially undervalued the company. The Board advised shareholders not to take any action regarding the offer.
Outlook
Strata will continue to act in the interests of shareholders and consider any future change of control proposals that represent compelling value.
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