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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.