Superloop share price jumps on QIC takeover offer

Company News

by Rachael Jones

Computer support and services company Superloop (ASX:SLC) report that QIC subsidiary QIC Private Capital have made an unsolicited, non-binding acquisition offer for them.

The indicative offer of $1.95 per share was received on 26 April, and represented an increase of $0.05 per share on the offer made by QIC in a previously undisclosed approach on 2 April.

Superloop has engaged Merrill Lynch Markets as its financial adviser and Gilbert + Tobin as its legal adviser in relation to the Revised Indicative Proposal.

Shares in Superloop (ASX:SLC) are trading 4.97 per cent higher at $1.90.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?