Johns Lyng (JLG AU): 8th October Vote On PEP's Offer
On the 11th July, PEP offered A$4/share for integrated building services provider Johns Lyng (JLG AU), a 77% premium to undisturbed. CEO Scott Didier, JLG's largest shareholder (17.62%), was supportive.
Pricing is okay. The absence of a final year fully franked dividend, which was teased at the onset, was ostensibly disappointing.
The Scheme Booklet is now out, with a Scheme Meeting on the 8th October, and expected implementation on or before the 23rd October. The IE (Kroll) says "fair & reasonable".
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