Monash IVF consortium withdraws acquisition proposal

Monash IVF Group (ASX:MVF) announced that the consortium comprising Genesis Capital Investment Management and WHSP Holdings has withdrawn its non-binding indicative proposal to acquire 100% of Monash IVF’s shares at $0.80 per share via a scheme of arrangement.

The company said the decision follows an earlier disclosure made on Nov. 24 and confirmed that there is currently no proposal on foot.

Monash IVF added that it will update the market should any material developments arise, in line with its continuous disclosure obligations.