Aspen Group merger is in best interests

Company News

The Aspen Group (ASX:APZ) merger with Aspen Parks Property Fund is in best interests, according to an independent expert.
 
The Independent Expert’s Report prepared by KPMG Corporate Finance concluded that the revised merger proposal is fair and reasonable, and in the best interests of both Aspen Group and APPF securityholders.
 
The report also concluded for APPF securityholders that the revised merger proposal is superior to the Sunsuper/Discovery unsolicited proposal.
 
A securityholder meeting to approve the revised proposal will take place on Wednesday 9 December. 
 
The Aspen Group reported a net loss of $31.7 million at 30 June 2015. 

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