Agostini plans to acquire Prestige Holdings
Business
Finance
PC
June 16, 2025Peter Christopher
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Agostini Limited has announced plans to acquire Prestige Holdings Limited through a share swap offer.
In a release today, Agostini's said under the arrangement shareholders of PHL will receive one Agostini share for every 4.8 PHL shares held.
Agostini said, "The offer represents a premium of approximately 31% over PHL’s 30-day average price (27% over today’s closing price). The offer will close at 4pm on July 21, 2025."
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