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Greencross Ltd In Preliminary Merger Discussions With Petbarn


Monday, 14 Oct 2013 12:55am EDT 

Greencross Ltd announced that it is engaged in preliminary discussions with Petbarn concerning an indicative, confidential, non-binding possible merger of Greencross and Petbarn. If a transaction proceeds, it is likely that the consideration payable by Greencross would involve Greencross issuing new shares to the owners of Petbarn. Petbarn is a retailer of pet products and services in Australia and New Zealand. No agreement has been reached about such a merger transaction, nor is such agreement imminent or inevitable. In particular, there is no guarantee that these discussions will result in Greencross and Petbarn agreeing to enter into a merger transaction. In order to facilitate those discussions, the parties have agreed that until November 14, 2013 they will deal exclusively with each other and will not participate with any other party in discussions relating to a competing transaction. 

Company Quote

7.73
0.11 +1.44%
19 Dec 2014