ASX:AIH

3 stories mentioning ASX:AIHUpdated 15d ago

Every FINWIRES story that references ASX:AIH, newest first.

Matrix Composites & Engineering Calls Shareholder Meeting to Vote on Advanced Innergy Deal

Matrix Composites & Engineering (ASX:MCE) said Australia's Federal Court ordered the company to convene a shareholder meeting to vote on Advanced Innergy Holdings' (ASX:AIH) proposed acquisition of Matrix, according to a Wednesday filing with the Australian bourse.The court also approved Matrix distributing an explanatory statement with details on the scheme of arrangement. The booklet will be released on June 4.Matrix has scheduled the shareholders' meeting for July 6. The company's board continues to unanimously recommend that shareholders approve the deal.

ASX:AIHASX:MCE

Asia30d ago

Matrix Composites Says Advanced Innergy Receives Nod From Australian Government For Proposed Acquisitions

Matrix Composites & Engineering (ASX:MCE) said Advanced Innergy Holdings (ASX:AIH) received written notice on behalf of the Australian Federal Treasurer stating that the Australian government does not object to the proposed acquisitions by Advanced Innergy and its wholly-owned unit, Advanced Innergy Solutions Australia, of up to 100% interests in Matrix, according to a Tuesday Australian bourse filing.The board of Matrix continues to unanimously recommend that Matrix shareholders vote in favor of the proposed acquisitions, in the absence of a superior proposal, and subject to an independent expertconcluding that the proposal is in the best interests of the shareholders.

ASX:AIHASX:MCE

Asia59d ago

Advanced Innergy to Acquire Matrix Composites in AU$0.40 Cash-Per-Share Offer

Matrix Composites & Engineering (ASX:MCE) entered into a scheme implementation deed with Advanced Innergy Holdings (ASX:AIH) under which Advanced Innergy agreed to acquire 100% of Matrix via a scheme of arrangement, under which Matrix shareholders will receive AU$0.40 cash per share, according to separate Monday filings with the Australian bourse.Advanced Innergy declared the offer price as its best and final in the absence of a superior competing proposal.Advanced Innergy, via a wholly-owned unit, previously entered into call option deeds over Matrix shares representing, in aggregate, 19.9% of Matrix shares on issue. The scheme is expected to be implemented by the end of July, subject to all the conditions being satisfied or waived, including Matrix shareholder approval, court approval, and approval from the Foreign Investment Review Board.The board of Matrix unanimously recommended that the company's shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the deal is is in the best interests of the shareholders.

ASX:AIHASX:MCE

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