CBW advises on takeover defence

CBW advises on takeover defence

On 28 April 2014, Azure Healthcare Pty Ltd (ASX:AZV) received a preliminary, incomplete, indicative, conditional non-binding proposal to acquire all of its issued capital.

CBW Partner’s we are asked to advise Azure on the offer and on the subsequent due diligence by the bidder.

While the offer ultimately did not proceed Lead Partner on the transaction, Brett Burns was quoted as saying:

“It was good opportunity to demonstrate our skills in this areas having advised on many friendly and hostile takeover over the past 20 years. Having advised Azure on its recapitalisation in 2012, it is a real testament to the Board and Management of Azure that they have so successfully transformed the business in to one that is getting significant attention of other players in the market..”