Computer support company Superloop
(ASX:SLC) has ended exclusive discussions with QIC Private Capital about a takeover from them.
On 3 May 2019 the company received an unsolicited, non-binding, conditional and indicative proposal from QIC on behalf of its Global Infrastructure managed and advised funds and clients to acquire Superloop for $1.90 per share.
The Superloop Board with QIC have not been able to agree on a transaction and on that basis, the parties have decided to discontinue the period of exclusivity.
Shares in Superloop
(ASX:SLC) are trading 10.65 per cent lower at $1.72.
