Affinity Education Group Limited
(ASX:AFJ) advises its shareholders take no action regarding a revised offer from G8 Education.
The education and childcare company says the revised offer comprises scrip of 1 G8 share for every 4.25 Affinity shares and $0.80 cash.
The offer will remain open until the 28 September and Affinity has engaged Lonergan and Edwards Associates to provide an expert’s report.
The company advises shareholders to take no action and to wait until the release of the target’s statement.
Affinity made a net loss of $4.12 million for the 2014 calendar year.
