News Formal

Australia's APM Human Services gets $841 million offer, flags lower earnings

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Explore stories from Atlantic Canada.

Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse | SaltWire - APM Human Services International received on Monday an A$1.28 billion buyout offer from U.S. private equity firm Madison Dearborn Partners, and said it expects lower earnings this year, sending its shares down 30%.

CVC had sweetened its proposal to A$2 per share after APM rejected the private equity firm's initial A$1.60 apiece offer, citing that the bid did not"sufficiently reflect its fundamental value". The company said it expects underlying net profit after tax and before amortisation for fiscal 2024 between A$95 million and $105 million, lower than A$178.2 million posted last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$4.3 million investment announced in Budget 2024 for implementation of a provincial Integrated Youth Services modelChoices for Youth and Newfoundland and Labrador (NL) Health Services are pleased that the Government of NL’s Budget 2024 includes a $4.3 million investment in a provincial model of Integrated Youth Services.
Source: NTVNewsNL - 🏆 54. / 59 Read more »