Jamie Beaton’s Crimson launches $48m bid for Kip McGrath
Jamie Beaton's Crimson Consulting has launched a hostile takeover bid for tutoring operator Kip McGrath for A$48 million.
Crimson Consulting has made a hostile bid to take over international tutoring provider Kip McGrath, offering A$0.73 per share. The offer represents a 62.2% premium on the company's recent trading price. The bid notices have been filed with the ASX.
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NZ Herald
Jamie Beaton’s Crimson launches $48m raid for Kip McGrath
Business boy wonder seeks to seize control of listed tutoring operator.
BusinessDesk
Jamie Beaton’s Crimson launches $48m raid for Kip McGrath
Jamie Beaton’s Crimson Consulting has launched a hostile raid across the Tasman with a $48m bid to take over international tutoring provider Kip McGrath. Notices filed with the ASX said Crimson was offering to acquire shares for A$0.73, a claimed…