WAM Leaders intends to launch an off-market takeover bid for QV Equities (ASX:QVE).
The offer entails exchanging one WAM Leaders share for every 1.4675 QVE shares. Entities linked to WAM Leaders hold a 15.8% interest in QVE shares.
The move is poised to enhance WAM Leaders' market capitalisation and asset base, offering significant benefits to shareholders of both entities if the takeover proceeds as planned.
If successful, the acquisition would enhance WAM Leaders' market presence, liquidity, and relevance, with an expected increase in net assets of approximately $229 million.