IOOF
IOOF Holdings (ASX:IFL) will take over DKN financial group with 80 cents per share, acquiring 100 percent of the outstanding shares it doesn't already own. IOOF submitted a proposal on June 14, and both companies have settled on a scheme implementation agreement.
IOOF already has an 18.4 percent stake in DKN through it wholly owned subsidiaries. The original bid was at 75 cents and was increased 80, valuing DKN at $115.4 million.
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