Madison Dearborn Takes APM Back Into The Fold

Jun 03, 2024

∙ Paid

APM Human Services (APM AU) and US PE-outfit Madison Dearborn Partners, holding ~30%, have entered a Scheme at A$1.45/share, in cash.
That's a 74.7% premium to undisturbed; and a $0.05/share increase over Madison Dearborn's April 8th A$1.40/share NBIO, a price the Independent Board Committee (IBC) previously considered disappointing.
A scrip option is afforded, and Executive Chair, Megan Wynne and CEO, Michael Anghie will take up that option if the Scheme is implemented. The IBC is supportive.

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