Vision Eye Institute Limited
(ASX:VEI) bidder Jangho Group has announced changes to its acquisition bid for the health care group.
Jangho Group has said it intends to free the acquisition offer of all conditions, aside from the condition that Jangho gains a relevant interest in greater than 50 percent of Vision shares on a fully diluted basis by the end of the offer period.
Jangho Group also confirmed that its bid of $1.10 cash per Vision share is final and will not be increased.
Vision directors have recommended that Vision shareholders accept Jangho’s offer subject to there being no superior proposal.
Vision Eye Institute reported a net profit of $12.03 million for the 2015 financial year.
