Sealink rejects takeover bid

Company News

by Anna Napoli

Sealink Travel Group (ASX:SLK) has responded to reports of a potential takeover approach, announcing they have rejected the offer.

The company has confirmed that its received an unsolicited, non-binding offer for 100 per cent of the shares in Sealink at a price of $4.75 per share.

The Board said the proposal undervalues Sealink and they would not recommend it to shareholders.

The proposal has since been withdrawn.

Shares in Sealink (ASX:SLK) are up 11.3 per cent to $4.24