Hub24 Limited (ASX:HUB) has entered into a Scheme Implementation Deed for the the acquisition of 100% of the ordinary shares in Class Limited (ASX:CL1) by way of a scheme of arrangement between Class and its shareholders. Class shareholders will receive 1 Hub24 share for every 11 Class shares held, plus $0.10/Class share. The price represents a 71.6% premium to the last trading price of Class shares on the 15th October, 2021.
Shares of Hub24 Limited fell 0.76% following the announcement.
Shares of Class Limited rose 62.43% following the announcement.