Alloggio Group (ASX:ALO) has entered in to a scheme implementation deed with Next Capital, where Next would acquire 100% of Alloggio's shares for $0.30 per share in cash.
The short-term rental accomodation operator says the proposal reflects a 57.9% premium to the closing of its shares of $0.19 on March 24 this year.
It also says, as part of the proposal, Alloggio's founders, Will Creedon (CEO) and Karen Howard (Non-executive director), who together hold a voting interest in about 29% of all its shares, have been offered a scrip as consideration for their shares.
Alloggio's - which is Italian for accomodation - share price is up 47% on the news.